Despite his innate caution and usually sound political instincts, British Prime Minister David Cameron is gambling with his country’s future. In January, in a long-anticipated speech, he called for a wide-ranging renegotiation of the terms of the United Kingdom’s membership in the European Union and promised to put the result up for a straight in-or-out popular referendum by the end of 2017 (assuming his party wins the next election, due in 2015). A British exit from the EU is now more likely than ever -- and it would be disastrous not only for the United Kingdom but also for the rest of Europe and the United States.
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