The problem with a purely collective system is not only that it requires economic growth, and the right sort of demographic trends, but that it prevents people thinking about their futures in a responsible way.

The driving force behind the liberal counter-offensive in Europe has been a reaction against irresponsibility.

We have to struggle against the conservatives from all sides, not only the right-wingers, but also the left-wing conservatives who don't want to change anything.

My presidential victory, if it had happened, would have been artificial in relation to the Socialist party. It may be that on my deathbed, I will come to regret my decision, but for the moment, I live at peace with it.

Contrary to what people say, my wife never turned me away from the presidency. She told me to reflect on it and do what I wanted.

I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan.

Fundamentally, American society is composed of individuals who don't go out of their way to do each other favours.