I think there’s a great danger of equating EU membership with signing up to the Euro. Those two things are not the same, and given recent events I think it’s highly unlikely that it would be on the table for the UK for a very long time.
I also think that deciding to vote ‘No’ in the upcoming UK referendum at this point is premature: if Cameron does manage to renegotiate terms of membership, then that’s what we’ll be voting on, and we don’t really know what form that might take at this point.
Personally, I think I’ll probably be voting ‘Yes’ regardless, as I’m in favour of EU membership for the UK even under the current terms.
Is it a perfect institution? No, not by a long way. Are the recent events in Greece and elsewhere cause for concern? Of course.
But I don’t think the best reaction to that is to walk away from it. I think it’s to be part of the solution, and actively contribute to making things better.
Eddie Izzard used to do a great routine about how the UK always complains about the EU while at the same time refusing to engage with it on the same level as the other big European nations; how we want to be “in the driving seat of Europe” when actually we’re not even in the passenger seat, or the backseat, but we’re sort of running alongside the European car and refusing to get in.
(It was funnier than I’ve made it sound.)
Ultimately, I think we get many benefits from EU membership - not just economic, but also social and cultural - and it’s not something that I would want us to throw away rashly. Reform is needed, but let’s be part of that reform.