I'm loving the unsubtle threat that Scotland would refuse to take on their share of the UK debt if they weren't given currency union.
Quote:
Asked what would happen if the Scottish government "lost" such a negotiation, he added: "If the UK government sustains its current line of argument, the line of argument pursued by George Osborne, then what would happen is the UK would be assuming all of the responsibility for the debt of the UK.
"An independent Scotland wouldn't be saddled with the proportionate share of debt that we have freely accepted that we would have to take on.
"The UK government would be walking in to assuming all of the debt, and that is another compelling reason why the circumstances that I've set out, of the rest of the UK agreeing to a currency union zone with an independent Scotland, is a strong and credible proposition."
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I'm sure international money markets and institutions would look most sympathetically on a state that engages in that kind of behaviour.
As noted
here it's unlikely and would be an extremely bad idea.