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The prime minister takes advice on his European policy from an unusual source on the eve of a British referendum.
Charles Grant discusses the challenges facing the EU in 2014, such as the European elections, Britain's slide towards the exit and the continuing travails of the eurozone.
European policy-makers' rejection of both Keynesianism and monetarism has cut economic growth, raised debt and increased the risk of deflation.
Eurosceptics think Britain can leave the EU and still have access to its markets. But to do so, Britain will have to sign up to EU rules.
The EU should set ambitious 2030 targets for carbon reduction and renewables. And it should adopt strong binding measures on energy efficiency.
Cyprus must find a way to export its natural gas. A grand bargain with Israel and Turkey would improve politics in the region and benefit Europe.
A new, pragmatic approach to the southern neighbourhood is needed if the EU wants to address the political, economic, social and security challenges following the Arab Spring.
Quantitative easing alone will do little to boost the eurozone economy. The ECB needs to shift expectations and this requires a different approach to monetary policy.