At Talk Islam, thabet links to a pair of editorials from the FT (skeptical) and the Economist (upbeat) regarding France's proposal for a Mediterranean Union. I must confess, I find the idea of a Mediterranean Union extremely appealing. I found this graphic from the FT rather fascinating, illustrating the economic disparity of the nations around the Med Rim: (click to enlarge)
I am also reminded of the way in which the states surrounding the Great Lakes here in the US came together to form the Great Lakes Compact. Access to the same massive shared body of water means that all adjacent polities have a vested interest in preserving it as a common resource. An economic union across the Med would also be a great way to uplift North Africa in particular, and provide an economic bulwark against fundamentalism.