God understands more about the financial markets than many who write about them.

In 1913 many believed that there would never again be a war in Europe. The great powers of the continent were so closely intertwined economically that the view was widespread that they could no longer afford to have military confrontations.

I assumed office to bring the EU to a point from which there is no going back. Instead, I am having to unwind the EU to a certain extent.

There can be no doubt that, with the United Kingdom, we will lose a very market-oriented voice.

The European Union has decades of experience in overcoming crises and has always emerged stronger after.

Since it took up office, the Commission which I lead has pursued a clear policy: we need less interference from Brussels when it comes to the things that Member States can deal with better on their own. That is why we no longer regulate oil cans or showerheads, but concentrate instead on what we can do better together rather than alone - such as tackling the refugee crisis or securing our external borders. Only in that way can we make people feel that Europe makes a tangible difference.

Angela Merkel did the right thing. Her decision and the extraordinary willingness of the German people to take in refugees conveyed an image of Germany that is still having positive repercussions today. Unfortunately, people in Germany are no longer seeing that.