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

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.

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. is the world's fastest growing democratic body.

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.

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.

The E.U. imports more agricultural goods from developing countries around the world than does the U.S., Canada and Japan, combined.