I don't think he's right, though. People tend to take any referendum as a confidence vote on the political establishment, and "representative" democracy is in a real crisis of legitimacy.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

What is the Government and opposition to do now that their chosen policy has been voted down?  Have another general election?  Allow Declan Ganly to take over?  Which of the many conflicting no campaign issues should it take up as new official Government policy?  Keeping the one commissioner per country rule is one of the few No campaign issues that actually relate to the Treaty itself, so that might be the place to start.

"It's a mystery to me - the game commences, For the usual fee - plus expenses, Confidential information - it's in my diary..."