What we have at present is a system of loss socialism. Whatever goes wrong is shouldered by the general public and anything that works is privatised. Worshippers of market freedom have suspended the most important economic principle: Risk and liability go hand in hand.

I am certain that the United States next year, under a new president - regardless whether it's Obama or McCain - will present an ambitious program promoting renewable energies and energy efficiency. Europe could quickly fall behind.

We need a greening of globalisation.

In the past, Germany could rely on the French, the British and, especially, the Americans, to assert our interests in the world. We have always criticized the U.S. for being the global police, and it was often appropriate to do so. But we are now seeing what happens when the U.S. pulls back. If the U.S. leaves the room, other powers immediately walk in. In Syria, it's Russia and Iran. In trade policy, it's China. These examples show that, ultimately, we are no longer achieving either - neither the dissemination of our European values nor the advancement of our interests.

It is clear that Germany needs a foreign policy in which we jointly define European interests. Thus far, we have often defined European values, but we have been much too weak in defining mutual interests. To preempt any possible misunderstandings: We cannot give short shrift to our values of freedom, democracy and human rights.

My office has a view of low-cost housing, old East German prefabricated apartment buildings. It isn't an attractive view, but it's very helpful, because it reminds me to ask myself, whenever there is a decision to be made, whether the people who live there can afford our decisions.

The idea that the growing demand for energy worldwide can be met with energy from nuclear power is nonsense.