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Old 24-02-2014, 12:06   #698
Chris
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Re: Will Scotland Leave the UK?

Alex Salmond's true aspirations for Scotland revealed: He wants it to be like Panama or Montenegro.

http://www.telegraph.co.uk/news/ukne...cy-Plan-B.html

Quote:
The comments suggest that Scotland would adopt so-called "sterlingisation" if the Westminster parties made good their promise not to agree a currency union after independence.

Scotland would therefore share the pound in a similar way to how Panama unilaterally uses the US dollar or Montenegro uses the euro.

Such a move would likely see Scotland resigning all control over monetary policy and losing the Bank of England as lender of last resort, with potentially dire economic consequences.
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