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

I do not share the half-in, half-out attitude to the EU of some in Britain. Britain's place is in Europe.

Of course, the EU is not going to fall apart, but at best it will stagnate for the foreseeable future and we will be dealing with quite a lot of internal chaos.

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

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

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

We are intensely relaxed about people getting filthy rich.