Medvedev pins hope on EU

Russian Prime Minister Dmitry Medvedev has said he is sure the European Union will continue to develop.

"I am absolutely sure that the European Union won't go anywhere and that, with all setbacks, the European Union is a very strong and powerful integration association," Medvedev told Rossiya 1 television channel on Saturday.

Medvedev suggested that, in building the Belarusian-Kazakh-Russian Customs Union and Common Economic Area, it is necessary to adopt all the best from the European Union.

"The European Union will be developing, I have no doubt about this," he said.

The European Union is Russia's important and consistent partner, Medvedev said.

"We keep a significant share of our foreign currency in euro, and therefore they'll reach an agreement, that's for sure. But the European Union should certainly do something with its weak points, pay attention to the debt burden of a number of countries, improve their economic performance, and finally make them address what is called fiscal consolidation, that is, the budget," he said.

In this is done, the European Union will enter a new and stable development trajectory, he said.

Medvedev said he had discussed the European Union's development with British Prime Minister David Cameron at their meeting in Davos.

Shortly before this meeting, Cameron said his country would review its relations with the EU and would hold a referendum on whether to remain an EU member.

Medvedev said he asked Cameron whether he believes that the EU does not work. "He gave me an exhaustive political answer. I won't make it public, because, after all, these were our negotiations," he said.

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