The European Union is the world's most successful invention for advancing peace.
The E.U. has moved to combat global terrorism by instituting common European arrest and evidence warrants and creating a joint situation center to pool and analyze intelligence.
Non-proliferation will only work if all states are willing to cooperate, and that will only happen if all feel they are being treated fairly.
Since creation of the E.U. a half century ago, Europe has enjoyed the longest period of peace in its history.
It is not viable for one country to demand a right to increase and upgrade its nuclear weapons capabilities while asking others to eliminate theirs.
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.
Proliferation of nuclear weapons to terrorist organisations is far more dangerous than proliferation of nuclear weapons to states, even states like North Korea.
The EU and the U.S. often work together to develop international standards. This is the case in fighting terrorism and transnational crime, advancing trade liberalization, and combating piracy and intellectual property violations.
One cannot have economic growth without security.
We can demonstrate, by our own example, how E.U. freedoms, including the freedom of nationals of other E.U. countries to come and work here, has enabled us to expand our economy.
The E.U. imports more agricultural goods from developing countries around the world than does the U.S., Canada and Japan, combined.
The U.S. - E.U. economic relationship dwarfs America's economic ties with China.
The economy is not an abstraction. The economy consists of people, and it will only grow if people feel secure and are reasonably free.
U.S. companies earn more from their investments in the EU than in the rest of the world combined.
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.
Financial service providers act as the lubricating oil in the economy. They link consumers who want to invest their savings for a good return with companies who want to borrow on best terms for expansion.
The time horizon may be too long for sole reliance on market solutions - but perhaps the inventiveness of the financial services industry will prove me wrong that point!
But our system of regulation must keep up with this. If it fails to keep up, it will hold back economic expansion. We need financial market regulation that works at national and European level.
If the EU and the US can cooperate successfully on regulating financial markets, everyone else will follow.
European investment in Texas alone exceeds all U.S. investment in China and Japan put together.
