'Yes' vote 'means leaving pound'

Jimbuna · 02-13-14, 02:42 PM

A currency union would mean the Bank Of England would be underwriting Scottish assets as well as setting the interest rates and that is what Salmond is failing to grasp.

The Scottish banks aren't strong enough to fend for themselves on their own and the EU and other lending institutions are well aware of the fact.

The threat of refusing to take any part of the financial debt unless the pound is kept only goes to show that an independant Scotland will be no better thought of than the likes of Greece in EU circles and interest rates on borrowing would reflect the fact.

Yes, Mr Salmond has certainly painted himself into a corner this time.

BossMark · 02-13-14, 03:23 PM

Somehow I dont think Jabba the hut will get his "yes" vote

BossMark · 02-13-14, 03:47 PM

There are many issues for Scotland if they choose independence. What would happen to their NHS? Their BBC? And their British Airways?

But of course the larger question is: what would Andy Murray be if he lost a tennis match?

Schroeder · 02-13-14, 04:08 PM

Quote:

Originally Posted by Jimbuna

The Scottish banks aren't strong enough to fend for themselves on their own and the EU and other lending institutions are well aware of the fact.

Actually I think that an independent Scotland wouldn't even be part of the EU. So I'm not so sure they would be lending too much money to Scotland anyway.

Herr-Berbunch · 02-13-14, 04:14 PM

It's doomed for sure (said in the Scots accent of the guy from Dad's Army).

51% of me wants them to remain in the Union, the remaining wants my to laugh at their historic failure as it happens. Unfortunately with friends from and living there keeps 'no' above the halfway mark.

Jimbuna · 02-14-14, 05:08 AM

Quote:

Originally Posted by Schroeder

Actually I think that an independent Scotland wouldn't even be part of the EU. So I'm not so sure they would be lending too much money to Scotland anyway.

The Scots are in favour of joining the EU for the 'benfits' of trade and hoped for financial stability.

On the other side of the coin, the EU are concerned Scotland is financially insecure and would quickly become another Greece.

02-13-14, 02:42 PM	#1
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,952 Downloads: 63 Uploads: 13	A currency union would mean the Bank Of England would be underwriting Scottish assets as well as setting the interest rates and that is what Salmond is failing to grasp. The Scottish banks aren't strong enough to fend for themselves on their own and the EU and other lending institutions are well aware of the fact. The threat of refusing to take any part of the financial debt unless the pound is kept only goes to show that an independant Scotland will be no better thought of than the likes of Greece in EU circles and interest rates on borrowing would reflect the fact. Yes, Mr Salmond has certainly painted himself into a corner this time. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

02-13-14, 03:23 PM	#2
BossMark Fleet Admiral Join Date: May 2011 Location: Leeds, West Yorkshire Posts: 15,272 Downloads: 278 Uploads: 0	Somehow I dont think Jabba the hut will get his "yes" vote __________________ Never trust the Tories look what Thatcher and Major did in the 80s and 90s and look what the wicked witch May is doing now doing now

02-13-14, 03:47 PM	#3
BossMark Fleet Admiral Join Date: May 2011 Location: Leeds, West Yorkshire Posts: 15,272 Downloads: 278 Uploads: 0	There are many issues for Scotland if they choose independence. What would happen to their NHS? Their BBC? And their British Airways? But of course the larger question is: what would Andy Murray be if he lost a tennis match? __________________ Never trust the Tories look what Thatcher and Major did in the 80s and 90s and look what the wicked witch May is doing now doing now

02-13-14, 04:14 PM	#5
Herr-Berbunch Kaiser Bill's batman Join Date: May 2010 Location: AN72 Posts: 13,203 Downloads: 76 Uploads: 0	It's doomed for sure (said in the Scots accent of the guy from Dad's Army). 51% of me wants them to remain in the Union, the remaining wants my to laugh at their historic failure as it happens. Unfortunately with friends from and living there keeps 'no' above the halfway mark. __________________

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