Salmond "We can take Scotland in two weeks"

[Old Greg]

That won't happen as Trident is a red line issue. If that means we are not allowed to join NATO then fair enough. A lot of Yes campaign groups don't want to be a member of NATO anyway including a sizable chunk of the SNP.

Imagine if NATO said no then we invited Russia to use our ports for their ships and airports for their MIGs.

Russia support Scottish independence, so why not?

[Batcher]

on top of that, they will offer intermittant wind powered lekky and demand a guaranteed 24/7 supply in return. er.. fook right off

We have over generation of lekky due to Hydro power which is pretty much a green energy supply. Wind and wave power will add to that. England need new nuclear power stations to keep up and that needs German and French firms.

[sirja]

Any evidence for any of those claims? Or is it more fear and scare?

Well the 'Evidence' is in the very claims of the 'Yes' camp. They want a Currency Union, what do you think a Currency Union is? The Euro is a currency union, where do interest rates get set? Not in Paris for the French, not in Madrid for the Spanish, no they are set in ECB HQ in Frankfurt for the whole of the Euro area. In the same way if there is CU between iScotland and rUK interest rates will be set in London by the BOE. There can be no currency union without a stability pact which would include spending/borrowing limits. Such a pact would have to be approved by Westminster. You don't need evidence for these things, it' just the logical conclusion. I really do hope most in the 'Yes' camp are aware of this, however when I read people saying things like 'It's our Pound and we'll keep it' without having any clue how that works in practice, then it would seem there's a fair degree of ignorance on the subject.

[Unix]

And you are happy that an independent Scotland will see Scottish budgets approved or vetoed in London?

Whereas with your own currency, there will be no oversight?

Not sure you understand what a currency union is. The only way London can veto or even have a say in Scottish budgets is while Scotland is part of the UK.

That being said I would prefer a new currency with a Scottish central bank.

[Old Greg]

Not sure you understand what a currency union is. The only way London can veto or even have a say in Scottish budgets is while Scotland is part of the UK.

So if an independent Scotland was in a currency union with EWNI, could Scotland run whatever budget deficit it liked, without worrying what EWNI thought?

[JustinTime]

Not sure you understand what a currency union is. The only way London can veto or even have a say in Scottish budgets is while Scotland is part of the UK.

Hmmm, I seem to remember that Germany had quite a lot of say in setting the budgets for Greece.

[Unix]

Well the 'Evidence' is in the very claims of the 'Yes' camp. They want a Currency Union, what do you think a Currency Union is? The Euro is a currency union, where do interest rates get set? Not in Paris for the French, not in Madrid for the Spanish, no they are set in ECB HQ in Frankfurt for the whole of the Euro area. In the same way if there is CU between iScotland and rUK interest rates will be set in London by the BOE. There can be no currency union without a stability pact which would include spending/borrowing limits. Such a pact would have to be approved by Westminster. You don't need evidence for these things, it' just the logical conclusion. I really do hope most in the 'Yes' camp are aware of this, however when I read people saying things like 'It's our Pound and we'll keep it' without having any clue how that works in practice, then it would seem there's a fair degree of ignorance on the subject.

The currency union hasn't even been discussed yet, to just assume it will work exactly the same was as the Euro, which has many more countries, highlights your pathetic scare mongering.

[JustinTime]

The currency union hasn't even been discussed yet, to just assume it will work exactly the same was as the Euro, which has many more countries, highlights your pathetic scare mongering.

All pretty much beholden to France and Germany.
Well done.

[Old Greg]

The currency union hasn't even been discussed yet, to just assume it will work exactly the same was as the Euro, which has many more countries, highlights your pathetic scare mongering.

I would like an question is central.

Do you think that a formal currency union would mean no oversight from London?

[Unix]

Hmmm, I seem to remember that Germany had quite a lot of say in setting the budgets for Greece.

I just want to quote this to preserve it, probably the most idiotic post I have ever read.