Is EU Good for Britain? That's Up to Germany

Europe should prepare concessions to U.K.'s euro-skeptics.

Stay cosy. You'll both benefit.

Photographer: Guido Bergmann/Bundesregierung via Getty Images

I was in the audience a few rows in front of U.K. Prime Minister David Cameron when he delivered his seminal 2013 speech pledging a referendum on Britain's membership in the European Union. At the time, I couldn't decide whether it was a political masterstroke that would finally quiet Britain's most strident euro-skeptics, or a suicidal concession to the anti-European elements in Cameron's Conservative Party.

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