dan Yes Clegg has suggested a new arrangement, and its an idea with some merit, but it can not be based on the 'old rules' and the old four pillars. It needs to be new, nimble, democratic and above all equal for all members and not just the richest gets to push around the smaller or poorer members. But a true meeting of countries with business and trade at the heart, along with friendship.
A new club is a distinct possibility with Switzerland, and others, I believe it is already being discussed at the highest levels.