Now it is firstly a matter of a clean divorce, because citizens and companies need legal certainty. Can there be a new partnership with the United Kingdom one day? All 27 Member States would have to agree to that. And the United Kingdom would first have to reflect on what it wants itself.

Since populists never miss an opportunity to create a lot of noise about anti-Europe stance. However, the repercussions of the British referendum could quickly put a stop to such crass rabble-rousing, as it should soon become clear that the UK was better off inside the EU - economically, socially and in foreign policy terms.

It's important to recognize that we in Europe will either succeed together or fail together.

I urge everyone to be patient and reasonable and I warn against shooting from the hip in the truest sense of the term. Pressure and dialogue are needed.

For my generation, the monetary union has always been about forging peace.

It is not more Europe or less Europe that we need. We need a better Europe.

The Luxembourg financial centre is based on several pillars, we are characterised by the breadth of our product range, we are an active participant in the international credit business.