Scotland's new currency

[doodab]

Quality of life would have to be logarithmically so much greater for folks to concern themselves over currency.

When your life expectancy in Greenock is until early 50's you're not thinking what your pension will be paid in cause you'll not live long enough to see it.

When you graduate in engineering, the sciences, a medical Dr, you want to practice in the country you were born in. Not have to move abroad because there are no jobs but only those in the public service. This is your life's work, I don't care about the paper in my pocket.

If you've retired after a life's hard work you want to know you'll have the support and be looked after by nearby family. Again the paper in your pocket or EU membership shall not matter here.

I recall the banter whilst working in the shipyard; I imagine behavioural value shall be of far greater importance and the driver for choice on the day.

If the voters don't care that's all well and good but when it comes to running a whole country these are important issues that will have an effect on the future of life in Scotland. You are going to find it a lot harder to move abroad if you''re not in the EU and why you think a socialist government is going to result in an uptick in jobs for engineers and scientists is beyond me. For that you need investment and being out of the EU is likely to drive a fair bit of that away.

This is the problem with a yes vote. The nirvana you dream of, while very compelling, isn't going to happen for a long time if at all. It will be a while before you have a credible alternative to the SNP so a yes vote is a vote for a basically socialist single issue party who are quite likely to mismanage your economy for a decade. You won't be debt free for long as at current spending rates you have a 5% deficit and they apparently plan to lower taxes. That is going to mean savage cuts to public services if you want to balance the books. My guess is it will go the other way.

[Wanderer]

Could you imagine 5 million using the euro in the north? Sterling would feel the pressure no end. It certainly would be bluff & bluster to suggest otherwise. I don't think rUK would advocate this shrinking. Although the markets might not care the physiological impact would be significant.

Really? There are already 300 million using the Euro to the South, West and East of us so why should another 5 million to the North bother us? It's not without precedent either, Northern Ireland and the Republic of Ireland get on OK having different currencies across an open border. It does create a bit of cross border shopping which changes direction depending on the relative strength/weakness of the Euro/Sterling but people just get on with it.

But that's a long way off. Scotland would have to join the European Union first and then convince them that they should be accepted into the Eurozone in which case they would hand control of their fiscal policy to the ECB which seems to defeat the object of becoming more independent does it not...

An independent Scotland that used the pound as its base currency without the English government's permission, with banks continuing to issue notes privately and private citizens free to choose any currency they wanted, would probably have a more stable financial system and economy than England itself.

Yep, they sure can! Most likely, a newly independent Scotland would create it's own fiat currency with an exchange rate pegged to the Pound. The crucial difference is that they won't have the Bank of England as a lender of last resort to bail them out if they default on their debts. Do you see the important difference?

As for a more stable financial system and economy, don't make me laugh. Have we forgotten that it was the Royal Bank of Scotland (based in Edinburgh) that needed to be rescued?

[Wanderer]

President Barroso says it will be difficult maybe impossible for Scotland to join the EU.

To be fair to Scotland here, señor Barroso has his own axe to grind. Spain is dealing with it's own amicable but determined independence bid from Catalonia (much like Scotland) and the armed separatists in the Basque region (more like Northern Ireland). If Scotland become independent and immediately get welcomed into the EU or EEA with open arms then that leaves an unwelcome precedent...

[AtW]

What's Scotland's new currency???

What a stupid question to ask!!!

The Scotland's new currency will be ...

Aye...

[MicrosoftBob]

What's Scotland's new currency???

What a stupid question to ask!!!

The Scotland's new currency will be ...

The Chip...
Two Chips to a Whinge
Three Whinges to a Referendum

Currency sorted!

[The Spartan]

I always thought you were from the Philippines

Well I am more or less in a round about way, my mother is half Italian and half Welsh and my Dad is Filippino. Funnily enough though I get told I look Mexican

[Ticktock]

Well I am more or less in a round about way, my mother is half Italian and half Welsh and my Dad is Filippino. Funnily enough though I get told I look Mexican

Stop wearing that poncho and sombrero every day then.

[The Spartan]

Stop wearing that poncho and sombrero every day then.

But it amuses the Londoners

[The Spartan]

I've a question if anyone cares to answer, so if you're in the Public Sector in Scotland or have retired from the Public Sector and the country votes Yes will they then have to pickup the pension liabilities etc?

[BrilloPad]

I do hope Scotland adopts the Euro. Then they will be part of the 4th Reich. They might actually look back as their time as an English Colony as their salad days....