The call by the '22 Committee for a referendum on the UK's membership of the EU is nothing but a specious distraction. The proposed question is not 'in' or 'out' but 'whether Britain should be part of a political union or of the trade-only relationship we thought we had signed up to'. Since opinion polls have already definitively answered this question, a referendum is pointless unless it propels the government into a course of action, which clearly it isn't going to do.
Today the Troika will again agree to believe the myth that Greece can reduce public expenditure, and the markets will signal their scorn. By the time I get home again this evening we'll all be several tens of billions worse off. It's like making a coastal passage in a leaky boat in which the pumps can't keep up; instead of turning inland and beaching, Europe stays on course, getting ever lower in the water, ever slower over ground, until the engine room is inevitably swamped, the pumps short-circuited and the entire boat sinks beneath the waves. There's no-one in the wheelhouse willing to put the helm over. It's really not the time to ask the passengers to vote on the choice of the destination port.