I think the problem is much bigger for the European Union than it is for Britain. The presumption of ever expanding and deepening European integration is now gone. When you accept that the momentum of that presumption is gone, you realize there are at least three different agendas in the EU.
There is the southern rim and part of the eastern rim. They are in it for the money, because they are the net recipients of the transfers. Central Europe, the original six, more or less, are strongly oriented towards deepening European integration. It has been a key aspect of their foreign policy for 50 years. Then you have the northern rim consisting of Scandinavia, Holland, and Britain, who are there basically for the internal market and for openness and free trade.
These are three quite different agendas. In a way, EU has been able to cover the differences in this great presumption that we would walk together towards a common European destiny. Now the common European destiny is not so obvious. EU has a problem of reformulating: a new agenda shared by all, since we know that the anti-EU sentiment is in no way contained to Britain.
PA: So in general, not too much will change.
I don’t think so. I believe that also has been the case in the past. It is politically expedient to say that joining something will dramatically change the whole world. It never does.