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British Expats (https://britishexpats.com/forum/)
-   The Maple Leaf (https://britishexpats.com/forum/maple-leaf-98/)
-   -   if the scots go, do you care? (https://britishexpats.com/forum/maple-leaf-98/if-scots-go-do-you-care-824123/)

Paul_Shepherd Feb 12th 2014 11:53 am
Re: if the scots go, do you care?
 
Originally Posted by Shard (Post 11127345)
The Euro is still a work in progress. The disasters have been somewhat self-inflicted in the PIGS, but the the resolve of Germany has so far been quite impressive. The Eurozone remains a very large trading area and with growing political integration the Euro seems more likely to last than fail. Whether Scotland would suffer from CEB policies will depend on how it runs its economy. If Scotland separates from Britain I think closer ties with Europe is the way to go. Indeed if its economy is as sound as the Yes vote contends, Scotland will (marginally) strengthen the Eurozone.
Hmmm yes I don't disagree with what you have said there, but lets not forget this is cloud cuckoo land Salmond's interpretation of the Scottish economy.

neilcumming Feb 12th 2014 11:56 am
Re: if the scots go, do you care?
 
Originally Posted by Paul_Shepherd (Post 11127335)
Spot on....this is that clown Salmond's "plan"....bang on about independence...but not really independent, clearly he hasn't given any of it any thought beyond the predictable Braveheartesque speeches.
I think Wee Eck will have a wry smile on his face tonite as these numpties have played right into his hands.Oh and its nothing to do with Braveheart,thats ancient history ,I would suggest more likely to do with Trainspotting ,a real scottish movie and not a Hollywood bastardized version!

Paul_Shepherd Feb 12th 2014 12:48 pm
Re: if the scots go, do you care?
 
Originally Posted by neilcumming (Post 11127353)
I think Wee Eck will have a wry smile on his face tonite as these numpties have played right into his hands.Oh and its nothing to do with Braveheart,thats ancient history ,I would suggest more likely to do with Trainspotting ,a real scottish movie and not a Hollywood bastardized version!
Yes trainspotting is a classic....British cinema at its best....oops may not be able to say that soon.

MarkG Feb 12th 2014 1:23 pm
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?
If I remember correctly, the Chinese didn't let foreigners have them for most of that time. When foreigners did need them, they bought them on the black market, for whatever the real exchange rate was.

Novocastrian Feb 12th 2014 2:05 pm
Re: if the scots go, do you care?
 
Originally Posted by MarkG (Post 11127446)
If I remember correctly, the Chinese didn't let foreigners have them for most of that time. When foreigners did need them, they bought them on the black market, for whatever the real exchange rate was.
Look mate, we've moved on from that red herring. The point is that there's no reason at all why one currency can't be linked to another one.

Whether or not that's advisable is a different point.

MarkG Feb 12th 2014 3:08 pm
Re: if the scots go, do you care?
 
Originally Posted by Novocastrian (Post 11127495)
Look mate, we've moved on from that red herring. The point is that there's no reason at all why one currency can't be linked to another one.
Yes, there is, if you actually want a 21st century economy, and not to be an economic basket case like 1980s China or the Soviet Union.

Why would Travelex exchange Scottish pounds for UK pounds at 1:1 just because the Scottish government say so?

Relampago Feb 12th 2014 9:31 pm
Re: if the scots go, do you care?
 
Originally Posted by badab1ng (Post 11114030)
I'm not so sure of that. Spain can and will veto their admission to the EU for fear of opening the door to Catalunia.
Comparison of Scottish independence with Catalonia is absurd. Scotland can wean by full right of the UK, because always was a different country to England, with King, flag, anthem and own language. But it is not the case of Catalonia, which is a division of the old Kingdom of Aragon in Spain. So Catalonia can not be an independent country, because that was never a country as such

Yorkiechef Feb 12th 2014 9:41 pm
Re: if the scots go, do you care?
 
We move on hopefully!

If you are looking for a currency that ties itself to another, look no further than Hong Kong. It has had a tie to the us $ @ 7.8 for decades. Despite 1997 and china taking over, so without doubt, you can tie your currency to another. If you are so keen to keep the pound, you could link up with Egypt. ;-)

MarkG Feb 13th 2014 2:24 am
Re: if the scots go, do you care?
 
Originally Posted by Yorkiechef (Post 11127963)
If you are looking for a currency that ties itself to another, look no further than Hong Kong. It has had a tie to the us $ @ 7.8 for decades.
Which it did by requiring the banks which printed notes to deposit US$1 for every HK$7.8 that they printed. A similar system in Scotland would require the Bank of Scotland (presumably) to hold one UK pound for every Scottish pound they printed, so they could swap them on demand.

That doesn't seem like a great plan for an independent country.

orly Feb 13th 2014 3:43 am
Re: if the scots go, do you care?
 
Originally Posted by Shard (Post 11127345)
The Euro is still a work in progress. The disasters have been somewhat self-inflicted
Not really. The safeguards were built in then systematically removed when they became "inconvenient". That wasn't just the fault or choosing of places like Portugal or Greece.

Former Lancastrian Feb 13th 2014 3:51 am
Re: if the scots go, do you care?
 
If they vote Yes which passport will these people now use to travel outside of the EU with?

scot47 Feb 13th 2014 4:00 am
Re: if the scots go, do you care?
 
If you care so much about Scotland or about the RestUK, why live in Canada ?

Paul_Shepherd Feb 13th 2014 4:10 am
Re: if the scots go, do you care?
 
Originally Posted by scot47 (Post 11128436)
If you care so much about Scotland or about the RestUK, why live in Canada ?
Ok it doesnt effect us directly anymore, buts its still our history...where we spent the largest part of our lives, and family and freinds still live there, added to that some still have property there. So of course we care.

dollface Feb 13th 2014 4:19 am
Re: if the scots go, do you care?
 
Originally Posted by Former Lancastrian (Post 11128427)
If they vote Yes which passport will these people now use to travel outside of the EU with?
"These People" ?

The Scots would use their own passport. A Scottish passport.

montreal mike Feb 13th 2014 4:19 am
Re: if the scots go, do you care?
 
Originally Posted by scot47 (Post 11128436)
If you care so much about Scotland or about the RestUK, why live in Canada ?
that is one dumb question


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