What I consistently say to young people - I say it in the United States, but I'll say it here in Germany and across Europe: Do not take for granted our systems of government and our way of life. I think there is a tendency, because we have lived in an era that has been largely stable and peaceful, at least in advanced countries, where living standards have generally gone up, there is a tendency I think to assume that that's always the case.

We, the People, recognize that we have responsibilities as well as rights; that our destinies are bound together; that a freedom which only asks what's in it for me, a freedom without a commitment to others, a freedom without love or charity or duty or patriotism, is unworthy of our founding ideals, and those who died in their defense.

For in Asia and around the world, India is not simply emerging; India has already emerged. And it is my firm belief that the relationship between the United States and India - bound by our shared interests and values - will be one of the defining partnerships of the 21st century. This is the partnership I have come here to build. This is the vision that our nations can realise together.

I warn young people that I interact with about this - you get into unrealistic expectations where you think that, "Oh, we're gonna eliminate racism like that. After Obama's elected how could there be any racism?".

Where we get into problems, typically, is when our personal religious faith, or the community of faith that we participate in, tips into a sort of fundamentalist extremism, in which it's not enough for us to believe what we believe, but we start feeling obligated to, you know, hit you over the head because you don't believe the same thing. Or to treat you as somebody who's less than I am.

The more we can encourage participation, I think the better off we are.

Tonight, I can report to the American people and to the world that the United States has conducted an operation that killed Osama bin Laden, the leader of al Qaeda, and a terrorist who's responsible for the murder of thousands of innocent men, women, and children.