Europe has to address people's needs directly and reflect their priorities, not our own preoccupations.

The markets don't like instability and they don't like uncertainty.

Europe lacks leadership and a sense of mission and too many people don't feel a part of it.

Too often we think we can act without explaining and take decisions without justifying them.

Essentially we need a new social consensus for economic reform as New Labour has achieved in Britain.

Firstly, people take for granted that the E.U. has created the biggest economic space in the world.

I think Europe is going in the right direction and we shouldn't be set back.