What would be your opinion in this respect? I am personally impressed by the developments in Russia and certainly the trade relations between Russia and the European Union are very intense, supported by the impetus of robust economic growth in both the euro area and Russia.
This may go some way to explaining why in Europe, investments by venture capital funds in technology companies are only one-fifth the size of investments in the US. The Single Market Act of 2011 set out to harmonise venture capital regulations and to create a more integrated market.