There is now a real possibility that the European Union will break apart.
There are many in Parliament who would cheer this and, I suspect, even more in the country beyond who would join in with enthusiasm. Nor would they be alone. It is not only in Britain that the public mood against the EU runs so strongly. The Dutch seem to agree and even the people of Germany, given the chance, might vote the same way.
The odds against the euro surviving in its present form are shortening with every new dither from its leaders. Some fundamental rearrangement of the economic pieces of what started as an economic union now looks more and more inevitable. Even if this leads to some — led by