A terrorist nuclear detonation in a western city would destroy all economic confidence.

The Irish Free State was one of dozens of new European democracies to emerge from the cauldron of the 1914-1918 war. It was one of the very few that was still democratic in 1939. This book shows how the steely determination of one man, Kevin O'Higgins, made this possible. O'Higgins faced down mutinies in both the Gardai and the Army. He dissolved the Dáil Courts which were a parallel system that might easily have undermined the conventional courts. With WT Cosgrave, he put through a constitution which reconciled the local opponents of independence with the new State.

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

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.

The economy is not an abstraction. The economy consists of people, and it will only grow if people feel secure and are reasonably free.

The time horizon may be too long for sole reliance on market solutions - but perhaps the inventiveness of the financial services industry will prove me wrong that point!

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