After the self-inflicted wound of voting to quit the European Union, Britain's best option to limit the mutual economic and political damage could be called the "Hotel California" model.

As in the 1977 Eagles hit, "You can check out any time you like, but you can never leave."

Once the dust settles, Britain could "check out" of the EU by handing in its notice, but effectively stay half-way in the world's biggest trading bloc by joining the European Economic Area along with Norway. It could negotiate enhanced political cooperation in foreign policy and security, and might even get a voice, though not a vote, in some EU deliberations.