We are living through a time of rapid and dramatic political and economic change. The financial crisis that hit the West has done enormous damage not just to the world economy but also to the reputation of the West as economic managers. Britain suffered additional problems because of the central importance of London as an international financial centre.
Now we have the crisis in the Euro zone. This is also affecting the reputation for sound management by Western powers but perhaps the most important aspect of this is its implications for the UK.
If the Euro zone countries do what is necessary to rescue the Euro then it inevitable means much closer fiscal union within the EU. Does the UK stay outside for ever or does it indicate a long term willingness to join subject to proper controls and democratic procedures? The implications are enormous. Stay outside and we will be on the periphery of a Europe that will eventually become a super power. The UK has always been deeply divided on the issue. It is not just the coalition government that is divided. The divisions run throughout British society.
These are epoch forming times. Would you vote for a truly united Europe or would you vote to stay out? The options are narrowing.