Scotland's new currency

[Ticktock]

Not true.

All people Scotland know, is the national interest means London. I know many people in the north of England feel the same way. However this is an opportunity for one small part of the UK to hold it's head high and speak up.

When they do however threats are made. We all know what happens to bullies.

Yep, we're waiting to see what happens to those bullies who have said "Give us your money or we'll shaft you on the debts".

[scooterscot]

It's also rather interesting the point made 'who bails out Scottish banks when the fail'? Rich England comes to the rescue they scream. Lets look how rich England actually is... If everybody sold everything including the socks on our feet we'd still be in debt. It's that bad.

I'd rather hope in those circumstances Scotland would follow the Iceland route and incarcerate the directors responsible.

But lets consider the healthy outlook for the rest of the UK why not. Who bailed out the banks in London? You & Me, that's who. And who here was given the opportunity to vote their children & grand children with a burden they cannot repay? When instead that tax money should have been used to pay for their prosperity?

Change is needed and this is an opportunity beyond currency matters.

[scooterscot]

Yep, we're waiting to see what happens to those bullies who have said "Give us your money or we'll shaft you on the debts".

Well when dealing with children...

[Ticktock]

Well when dealing with children...

You're right - better to ignore the childish behaviour. Which is pretty much what the Treasury advises, and the Chancellor and his counterparts appear to be doing.

Besides, you started it, smelly bum.

[MicrosoftBob]

It's also rather interesting the point made 'who bails out Scottish banks when the fail'? Rich England comes to the rescue they scream. Lets look how rich England actually is... If everybody sold everything including the socks on our feet we'd still be in debt. It's that bad.

I'd rather hope in those circumstances Scotland would follow the Iceland route and incarcerate the directors responsible.

But lets consider the healthy outlook for the rest of the UK why not. Who bailed out the banks in London? You & Me, that's who. And who here was given the opportunity to vote their children & grand children with a burden they cannot repay? When instead that tax money should have been used to pay for their prosperity?

Change is needed and this is an opportunity beyond currency matters.

It was financial deregulation by a Scottish Prime Minister that caused all this mess, you should be taking on all the debts as you made them!

[doodab]

It was financial deregulation by a Scottish Prime Minister that caused all this mess, you should be taking on all the debts as you made them!

The Scottish financial sector is massively oversized relative to the rest of the economy. If things did go haywire again they would have no choice but to do an Iceland or come begging to us.

[scooterscot]

The Scottish financial sector is massively oversized relative to the rest of the economy. If things did go haywire again they would have no choice but to do an Iceland or come begging to us.

And the London finance sector is not oversized? Who did they come running to when the failed? Oh that's right you & me. We'll still be paying this debt back for the next 60 years.

[AtW]

So, in conclusion - there is a clear consensus that Independent Scotland would prosper and become one of the most dynamicly growing European member states of 21st century and beyond.

What say ye?

[doodab]

And the London finance sector is not oversized? Who did they come running to when the failed? Oh that's right you & me. We'll still be paying this debt back for the next 60 years.

We managed to bail both the English banks that needed it and RBS out, which while not exactly desirable implies we had the resources to do it. An independent Scotland probably wouldn't have had the option to borrow billions and save RBS, so it would have gone to the wall, and the knock on effects would have been catastrophic for the rest of the industry.

Will an independent Scotland still provide a deposit guarantee for savers?

[AtW]

Will an independent Scotland still provide a deposit guarantee for savers?

Yes, as required by EU directives.

Banks (if necessary) will be bailed by Eurozone and IMF.

HTH