Proliferation of nuclear weapons to terrorist organisations is far more dangerous than proliferation of nuclear weapons to states, even states like North Korea.

The E.U. has moved to combat global terrorism by instituting common European arrest and evidence warrants and creating a joint situation center to pool and analyze intelligence.

But our system of regulation must keep up with this. If it fails to keep up, it will hold back economic expansion. We need financial market regulation that works at national and European level.

When the E.U. and the U.S. agree, other countries follow.

If the EU and the US can cooperate successfully on regulating financial markets, everyone else will follow.

European investment in Texas alone exceeds all U.S. investment in China and Japan put together.

It is not viable for one country to demand a right to increase and upgrade its nuclear weapons capabilities while asking others to eliminate theirs.