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Have we been wrong these past months thinking Greece would be the most serious challenge to the continued existence of the European Union? What if it came from the gradual 'continental drift' divorce of Britain and the EU?
Assuming the Conservatives get reelected in 2015 and voters decide so in the referendum, 'Brexit' might very well become a reality. It's time to think about the consequences. Does Mr Cameron's bid open the door to a 'Europe à la carte', where every member renegotiates membership on favourable terms, threatening to leave if its demands are not met? Or could Mr Cameron's renegotiation make the whole of Europe better off, as he argues? Finally, is it true that today's Europe is so inflexible, it will inevitably break?
It's time to discuss these questions openly, without resorting to the extremes of intolerant Euroscepticism or blind Euro-optimism. The European project has many flaws, and by putting the finger where it hurts, Cameron has at least proved we need to address them honestly - before it is too late.