Quote:
Originally Posted by Chris
Not to take this too far off topic, but Dollarisation (which, it now turns out, is what Salmond would have done in the event of Yes), can work in some limited circumstances, if you intend to surrender all but a fig leaf-sized chunk of your independence - it works in Panama, where a very large chunk of that country's national income comes from the canal, and is therefore paid in Dollars anyway. They're never going to run out. It didn't work in Argentina, where they pegged their currency to USD until it became impossible to sustain. The country is still paying the economic cost of that folly.
The currency issue is still the trump card in any argument over Scottish independence. Almost all of Scotland's economic activity outside Scotland is in England - vastly more than with the EU. To create a currency barrier, whether with the Euro or by resurrecting Pound Scots, would be crippling. To use Sterling, whether directly or via a currency peg, would result in independence in name only. I can't believe anyone who truly wishes for Scotland to be a fully independent, self-determining nation state would be stupid enough to believe that's what they would get in currency union with England.
And be in no doubt - if Scotland applies to join the EU independently of the U.K., it will first be compelled to set up its own central bank, and then to adopt the Euro. As a Euro-leaver, I trust you already understand the negative implications of that.
EDIT
I should also ask, rhetorically, why anyone would be stupid enough to entrust the task of nation-building to a gang of amateurs who clearly never gave a moment's thought to the currency issue while writing their so-called "white paper".
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I agree 100% the SNP made a right arse o the referendum. It came too early and did not do all they should have to ensure Scotland would be able to survive after independence like solving the currency and central bank issues. However in the case of the EU referendum it's a different kettle of fish as the Bank of England is known and trusted throughout the world. Their credit is good and there is no need to suppose things will be as gloomy as remain claim.
---------- Post added at 12:49 ---------- Previous post was at 12:37 ----------
So we, the Leave Campaign, are proven right again and there are plans afoot for a European Super State? Is this what we really want? You think you have no Sovereignty and control now, just wait and see how much you'll have when the inevitable happens.
I urge you remainers to think very seriously of the implications of a European Super State and come and join the Leave side.
---------- Post added at 14:04 ---------- Previous post was at 12:49 ----------
Quote:
Originally Posted by Hugh
From the link...
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And you still want a United States of Europe? Remain and that's what you'll get.