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Sanctions backfire.
Maybe the real question is whether the EU should expel the UK.
The UK still uses the pound not the Euro, it fights for exemptions and special treatment. And now (just when the EU is at its weakest) Mr Cameron is using the significantly weakened European position to make further demands for special treatment in the name of its national interests.
Other European Union members (facing horrendous austerity and immigration problems themselves) might be thinking that with friends like the UK, who needs enemies.