We must now face the difficult task of moving towards a single economy, a single political entity .. For the first time since the fall of the Roman Empire we have the opportunity to unite Europe.

The EU must take on new responsibilities. And these new responsibilities call for intensifying the integration process.

Moreover, resolving the mother of all problems - the Israeli-Palestinian question - requires cooperation between Europe and the U.S.

We have to give ourselves a constitution which marks the birth of Europe as a political entity.

It is becoming more widely acknowledged that it is better to have a good constitution than not having a perfect one.

I don't want to pass a punitive law, or use politics as a vendetta.

I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.