As far as the economic content of the common European home is concerned, we regard as a realistic prospect — though not a close one — the emergence o… - Mikhail Gorbachev

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As far as the economic content of the common European home is concerned, we regard as a realistic prospect — though not a close one — the emergence of a vast economic space from the Atlantic to the Urals where Eastern and Western parts would be strongly interlocked. In this sense, the Soviet Union’s transition to a more open economy is essential; and not only for ourselves, for a higher economic effectiveness and for meeting consumer demands. Such a transition will increase East-West economic interdependence and, thus, will tell favorably on the entire spectrum of European relations.

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About Mikhail Gorbachev

Mikhail Sergeyevich Gorbachev (Russian: Михаи́л Серге́евич Горбачёв, IPA: [gərbəˈtɕof], commonly anglicized as Gorbachev; 2 March 1931 – 30 August 2022) was General Secretary of the Communist Party and served as leader of the Soviet Union from 1985 until 1991. His attempts at reform helped to end the Cold War, but also ended the political supremacy of the Communist Party of the Soviet Union (CPSU) and dissolved the Soviet Union. He was awarded the Nobel Peace Prize in 1990.

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Also Known As

Native Name: Михаил Сергеевич Горбачёв
Also Known As: Gorby
Alternative Names: Mikhail Sergeyevich Gorbachev Mikhail Sergeyevich Gorbachyov Mikhail Gorbachyov Mikhail Gorbachov Mikhail Sergeevich Gorbachev M. Gorbachev M.S. Gorbachev Gorbachev
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Additional quotes by Mikhail Gorbachev

Initially, we were under illusions that we could make the system work. But as early as the fall of 1986, all of us had to start shedding those illusions. We had talked of perestroika (restructuring) but nothing was changing. ... But change was not easy. Even new politicians resisted change because they were used to central planning. By 1988 we decided we needed political reform: free elections, the separation of powers, a multiparty system, recognition of market economics as a necessary tool to modernize our society and to create incentives within the economic system.

I view the award of the Nobel Prize to me as an expression of understanding of my intentions, my aspirations, the objectives of the profound transformation we have begun in our country, and the ideas of new thinking. I see it as your acknowledgment of my commitment to peaceful means of implementing the objectives of perestroika.

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