Iceland ( a bigger economy than Scotland) let the biggest bank fail in 2009, they had 18 months of pain and then the economy started growing again for 3 years. Then in the last 2 years they reverted to old fashioned boom-bust model and now they're back tits up.
A controlled and partial default would be only a reset button for some of the parasite elite who doesn't really contribute to the economy anyway.
Another sensible solution would be allowing fracking in E14.
A controlled and partial default would be only a reset button for some of the parasite elite who doesn't really contribute to the economy anyway.
Another sensible solution would be allowing fracking in E14.
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