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Prime Minister David Cameron's offer to British citizens to hold a referendum on whether to leave the European Union might have seemed like a reasonably safe gamble just a few years ago.Cameron might actually get other European leaders to agree to his demands for reform, without which he has said he would not campaign to keep his country in the EU. They are not extreme: a guarantee that non-eurozone members gain full access to the single market; less red tape at the EU level; a British exemption from "ever-closer union". His last demand – fewer benefits for EU migrants – will be the hardest for EU leaders to accept.As far as the U.S. is concerned, President Barack Obama has already said that he would take Britain more seriously inside the EU than outside it.All this, by the way, assumes that post-Brexit Britain would still be Britain. A Brexit would most likely be as damaging to the EU as it would be to Britain itself.Without Britain, the EU becomes a Franco-German enterprise, with Germany very much the dominant partner, and all the smaller member states squeezed between the two.
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