The EU and the U.S. often work together to develop international standards. This is the case in fighting terrorism and transnational crime, advancing trade liberalization, and combating piracy and intellectual property violations.

David Cameron says he wants to keep Britain in the EU, but his tactics are so divisive that, if he gets what he wants it will be at the price of huge ill-will in Europe; or if he doesn't, it will be at the price of increased anti-EU sentiment in his own party and in British society.

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.

It is not viable for one country to demand a right to increase and upgrade its nuclear weapons capabilities while asking others to eliminate theirs.

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

The E.U. is the world's fastest growing democratic body.

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.