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

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

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.

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.

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

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.