Two cheers for the derailing of the EU constitution. Andrew Moravcsik’s argument—that the “no” vote was in fact a yes to the document’s modest substance but a no to its fuzzy post-national wrapping—is an appealing one. Moravcsik, like everyone else, sees in the referendum results a reinforcement of his own long-held positions. But his belief that the EU’s existing settlement remains robust is surely right. We are not facing a great unravelling, not even of the vulnerable-looking euro. A system which preserves national democratic politics for the issues most salient to citizens, while promoting high-level policy co-ordination and sovereignty-pooling in…

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