Non-proliferation will only work if all states are willing to cooperate, and that will only happen if all feel they are being treated fairly.

States can be deterred by the fear of retaliation; non-state organisations cannot by deterred at all.

U.S. companies rely on the European market for more than half of their global foreign profits.

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

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.

The European Union is the world's most successful invention for advancing peace.

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