The U.S. - E.U. economic relationship dwarfs America's economic ties with China.

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.

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

We in Ireland have not been immune from the bigotry and the indifference which manifested itself in Europe this century

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

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.

Of course the EU and member states must work to ensure that people moving from one country to another understand their obligations and their rights in areas like health, road safety and further education.