British posturing on EU is risky

David Cameron may be trying to take advantage of the eurozone crisis, but he could also do a lot of damage to Britain, writes Gavin Barrett.

The English commentator Philip Stephens has observed that there is something surreal about the European debate in Britain. With the British economy in trouble, the government's financial reforms proving ineffective and its fellow EU states still grappling with a major eurozone crisis, what has British prime minister David Cameron's response been? To promise a referendum on EU membership.

Cameron's speech itself was a clearly heavily-worked-on 14 pages of sometimes emollient-sounding language. But ultimately ...