Indeed, American companies make three times as much profits from their investment in one E.U. country, Ireland, than they do from all their investments in China.

The European Union is the world's most successful invention for advancing peace.

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

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

That's where my job comes in. Getting the E.U. and U.S. to agree.

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.

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