03-07-14, 03:46 PM
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#126
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Chief of the Boat
Join Date: Feb 2006
Location: 250 metres below the surface
Posts: 191,600
Downloads: 63
Uploads: 13
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The latest viewpoint in this monetary tennis match.
Quote:
A deal on sharing control of the pound between an independent Scotland and the rest of the UK is "unlikely", analysts at the global bank Citigroup have said.
They also said it was "astonishing" the Scottish government did not have a currency union alternative.
Scotland's fiscal deficit was "now significantly above UK levels" because of a recent fall in oil revenues.
Scotland's "large" banking system, with bank assets of more than 1,000% of Scotland's annual GDP, might be too big for the country to bail out.
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http://www.bbc.co.uk/news/uk-scotlan...itics-26489307
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Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!!
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