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Re: if the scots go, do you care?
Originally Posted by Shard
(Post 11127223)
It's an echo of Alex Salmond's assurance that Scotland would automatically be eligible to join the EU. He's the consummate salesman, highlighting the benefits whilst glossing over the nasty details.
Having a currency union with the Pound has always seemed a bit counter intuitive if Scotland is to want independence, and the fact that Westminister is removing this ambiguity from the voters' considerations is a good thing. |
Re: if the scots go, do you care?
Originally Posted by Novocastrian
(Post 11127218)
How come the renminbi was tied absolutely to the $US for decades before 2005?
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Re: if the scots go, do you care?
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Re: if the scots go, do you care?
Originally Posted by Shard
(Post 11127227)
Because their economy was centrally planned and their international trade was relatively low (manageable) in decades past.
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Re: if the scots go, do you care?
Originally Posted by Novocastrian
(Post 11127235)
Of course, but that'd be the case in Scotland too. (joking). The point is, it can be done, and was, irrespective of whether the US was happy about it.
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Re: if the scots go, do you care?
Originally Posted by Shard
(Post 11127251)
Yes, of course, currency pegs are not new. Scotland may well do that, it provides some monetary consistency with flexibility if needed.
Euro coins and notes can have wee reminders of hame, just like Scottish pound notes. |
Re: if the scots go, do you care?
Republic of Ireland Pound was set at parity with Pound Sterling for a long time............
http://en.wikipedia.org/wiki/Irish_pound |
Re: if the scots go, do you care?
Originally Posted by jimf
(Post 11127266)
Republic of Ireland Pound was set at parity with Pound Sterling for a long time............
http://en.wikipedia.org/wiki/Irish_pound |
Re: if the scots go, do you care?
I think if Osbourne,Alexander and Balls a.k.a. the gang of 3 state tomorrow they are going to rule out any currency union,it will be one of the biggest political own goals since Maggie introduced the council tax illegally 1 yr early in Scotland!
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Re: if the scots go, do you care?
Originally Posted by Novocastrian
(Post 11127262)
Good. We agree. But frankly if I were a separatist Scot (which I'm not, on both counts) I'd look to join the eurozone rather than use nasty english currency.
Euro coins and notes can have wee reminders of hame, just like Scottish pound notes. |
Re: if the scots go, do you care?
Originally Posted by neilcumming
(Post 11127280)
I think if Osbourne,Alexander and Balls a.k.a. the gang of 3 state tomorrow they are going to rule out any currency union,it will be one of the biggest political own goals since Maggie introduced the council tax illegally 1 yr early in Scotland!
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Re: if the scots go, do you care?
Originally Posted by Shard
(Post 11127290)
Not really. They're doing everyone a favour. Salmond only wants the Pound because he knows the typical punter will be scared to relinquish it. Economically it doesn't make sense to separate and keep it.
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Re: if the scots go, do you care?
Originally Posted by Shard
(Post 11127282)
I think that's the bigger picture which hasn't yet surfaced in the debate (at least in any substantive way). Does Scotland want to be more aligned with Europe or with Britain? Europe may well be the right economic framework for Scotland. In terms of social policy and justice, it seems closer to Europe than it is to England, so maybe it something Scots will start to embrace. No bad thing.
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Re: if the scots go, do you care?
Originally Posted by Shard
(Post 11127290)
Not really. They're doing everyone a favour. Salmond only wants the Pound because he knows the typical punter will be scared to relinquish it. Economically it doesn't make sense to separate and keep it.
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Re: if the scots go, do you care?
Originally Posted by Paul_Shepherd
(Post 11127332)
And extend the disastrous Euro rouble club from PIIGS to PIIGSS?
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