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

The E.U. is more than just a trade organization or a common market; it is a guarantee of democracy, freedom, justice, and human rights. Nations cannot stay in the E.U. if they do not respect these guarantees.

Indeed, American companies make three times as much profits from their investment in one E.U. country, Ireland, than they do from all their investments in China.

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!

Since creation of the E.U. a half century ago, Europe has enjoyed the longest period of peace in its history.

U.S. companies earn more from their investments in the EU than in the rest of the world combined.

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