We no longer have the pact from 1997; it was radically amended in 2005 and the Commission is applying this Stability Pact with wisdom and rationality.

We must also take this opportunity to learn from the situation [of Brexit], just as we learned from the refugee and debt crises.

There is a distorted perception of what goes on in Brussels. No one reports on the Commission taking a hundred initiatives from its predecessor off the table in order to shift competencies back to member state governments.

I notice with a certain sense of regret that far too many Europeans are returning to a regional and national mindset.

The problem is: When two governments or institutions in Europe hold differing opinions, it is immediately a crisis.

I believe neither the French nor the Dutch really rejected the constitutional treaty.

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.