In sum, as we enter the 21st century, the Euro-Atlantic community - North America and Europe together - has to face some tough challenges when it comes to improving our capability.
Sentiment: NEGATIVE
Europe has found itself confronted with fresh challenges - challenges of a global character, the nature of which is directly connected with changes in the international climate and the difficulties of seeking new models for co-operation.
But we can turn challenges into opportunities if we look outwards to the realities of the global economy and modernise our internal institutions in ways that will equip Europe to meet that challenge and create confidence amongst the public.
But let no one be under any doubt that the scale of the challenge that Europe faces in this emerging global economy is immense and the practical pace of our collective action to meet these challenge to date has just been too slow.
One of the biggest challenges facing the globe is the gap that exists in the wealth and standards of living enjoyed by the world's nations.
What we have to do is reinvent the idea of Europe.
Our aim, during our Presidency in the next six months will be to lead this challenge, to show that Europe can function in a mature and responsible way, to start delivering tangible results that show we are taking people's concerns seriously.
As Tony Blair has made clear, our fundamental challenge is how to make Europe work better.
As far as the international issues are concerned, the most important thing is the state of the transatlantic relationships, Euro-Atlantic relationships: how to develop them and how to strengthen them further.
What we need is a common goal for more Europe.
The biggest single challenge to America and our future is income inequality. We've got to fix it.
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