The first time that I went to the United States was in 1974 ... I was 20 years old. America was in crisis. The dollar was at a low. The Watergate scandal had already erupted. And I still remember this vision I had of New York, which was a huge, fascinating city, dirty and violent. And I’ve been to the U.S. regularly, but what impresses me most in this large nation is its capacity to overcome hardship and return to the heights.

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The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City – hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.