00:00Power requires Europe to move from confederation to federation.
00:06Where Europe has federated on trade, on competition, on the single market, on monetary policy,
00:15we are respected as a power and negotiate as one.
00:21We see this today in the successful trade agreements being negotiated with India and Latin America.
00:27Where we have not, on defense, on industrial policy, on foreign affairs,
00:36we are treated as a loose assembly of middle-sized states to be divided and dealt with accordingly.
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