Bush rejects moves to boost EU military might: President George W Bush set strict limits on the EU’s global ambitions, saying that there was no need for the Franco-German goal of forming an alternative superpower.

In an interview with The Daily Telegraph, his first with a British newspaper since his re-election last year, he pointedly rejected a call by Chancellor Gerhard Schröder for Nato to be overhauled.

“My trip to Europe is to seize the moment and invigorate [the] relationship,” he said. “We compete at times but we do not compete when it comes to values.”