Of course the EU and member states must work to ensure that people moving from one country to another understand their obligations and their rights in areas like health, road safety and further education.
The economy is not an abstraction. The economy consists of people, and it will only grow if people feel secure and are reasonably free.
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!
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.
Since creation of the E.U. a half century ago, Europe has enjoyed the longest period of peace in its history.
The European Union is the world's most successful invention for advancing peace.
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.
U.S. companies earn more from their investments in the EU than in the rest of the world combined.
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.
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.
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. 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.
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.
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.