This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Association Agreement With Ukraine Is A Strategic Opportunity For Europe, Says Former President Of European Commission

ROME, March 7, 2013 /PRNewswire/ --

In the wake of the recent EU-Ukraine Summit in Brussels, which set the road map for the signing of the Association Agreement later this year, former President of the European Commission Romano Prodi has stressed Ukraine's strategic importance for the EU, and said he hoped that Kiev would continue on the path of reforms needed to achieve deeper European integration.

Mr. Prodi, who as President of the European Commission from 1999 to 2004 oversaw Europe's enlargement process, called the Association Agreement "an historic opportunity" to boost the current trade of Euros 40 billion by two or three-fold, providing "a new tool" to promote democracy in the country in line with European standards.

"Engagement, not isolation, is the way forward," Mr. Prodi said on Wednesday during a conference on Ukraine held in Rome.

Mr. Prodi also pointed out that deeper trade and political ties with Ukraine are ultimately in the best interest of Europe, given the country's geographical position, its vast agricultural resources, shale gas deposits and its role for EU's energy security.

" Ukraine can become an important strategic partner of Europe and a geopolitical bridge between Russia and the EU," Prodi said.

Also commenting on the Brussels Summit of Feb 25 th, former Polish President Aleksander Kwasniewski noted Kiev's commitment to improve its election law and judicial system, following EU recommendations.

Kwasniewski, who is serving as co-head of the European Parliament's Monitoring Mission to Ukraine, welcomed a statement by President Viktor Yanukovych last week that he would be willing to consider a pardon of Yury Lutsenko, the former Minister of Internal Affairs.

Also at the Rome conference, Yulia Lyovochkina, a Ukrainian MP and a leading voice of her country's delegation to the Parliamentary Assembly of the Council of Europe, said that Ukraine is on course to implement "all necessary steps" to finalise the Association Agreement. "There is no Plan B," she stated. "For us, Europe is a strategic choice."

Noting that the Association Agreement would also help create greater regional stability and democratic governance in Ukraine, former Austrian Chancellor Alfred Gusenbauer said that it was important that individual court cases do not derail the process of European integration.

SOURCE Ukraine Monitor

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs