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Re: Will Scotland Leave the UK?
Interesting article following up on this by Angus Armstrong, director of macroeconomic research at the National Institute of Economic and Social Research.
http://www.bbc.co.uk/news/uk-scotlan...itics-26161046
Quote:
We expect the Scottish government to argue that a currency union, even if it is an informal union - "sterlingization" - is possible and the path to follow.
In our view, because of the level of debt an independent Scotland would inherit, this arrangement is likely to be unstable.
An alternative coherent option is for an independent Scotland to introduce its own currency.
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