This week, I have a different role from usual, and it is taking me to Lima, Peru: international economic coordination. The portfolio of economic and financial affairs is European by nature and is centred on its core, the Eurozone. But Europe is not an isolated island! It is the foremost economic hub in the world, and takes the lead in many issues such as climate change, taxation and development aid. This week in Lima, it is Europe’s leadership in these areas that I wish to assert.