Scotland Couldn't Join the EU - Deficit too Great

[oregonwoodsmoke]

Really? They would accept Greece and they think Scotland is too poor and out of budget?

[Jaggy001]

Originally Posted by oregonwoodsmoke

Really? They would accept Greece and they think Scotland is too poor and out of budget?

Greece is already in the EU and there is no mechanism for expelling her.

[dizzybint]

Originally Posted by Jaggy001

Of course we can keep the 'pound'. That isn't the problem. The problem is maintaining parity with the UK pound if they do not agree to a currency union and if the Bank of England does not agree to be lender of last resort. In that situation, what you get is a 'Scottish pound' - effectively a separate currency - circulating at a different value to the UK pound.

It will never happen Jaggy..I was more meaning, shes trying to convince us that we can keep the pound as if thats all we need.... we d be left in a total mess in Scotland.

[Jaggy001]

Originally Posted by dizzybint

It will never happen Jaggy..I was more meaning, shes trying to convince us that we can keep the pound as if thats all we need.... we d be left in a total mess in Scotland.

It isn't in her gift.

The SNP are trying to 'de-risk' independence. Same currency, same head of state, no hard border, still in the EU, still in NATO, etc. etc.. They are trying to make out that not much will change. Problem is that those things are dependent on other countries and they will look to their own interests first. Thus Westminster has said no currency union and Spain has said they will veto Scottish entry to the EU (because of Cataluna). And the SNP has no answer to that except to say they are 'scaremongering' and 'bullying'.