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.

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.

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

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

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.

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

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