The Telegraph's Nile Gardiner spells out the reasons behind the European Union's failure.
Let’s hope the Obama presidency is the last US administration to back political and economic integration in Europe, and to lecture the British people on why they should be handing over their sovereignty to Brussels. A Europe of sovereign nation-states free to shape their own laws, policies and destiny, and linked through free trade, is in the best interests not only of Europe but the United States as well. The European Project has proved a disaster for prosperity and freedom in Europe, and has weakened NATO, the Special Relationship and the transatlantic alliance. Its demise should come as no shock, as the illusory dream of a European superstate begins to crumble amidst the ancient ruins of Greece.