Monday 14 January 2013

Currency Union

Alex Salmond and his SNP can't decide what to do, if they win Independence
        1. Join the Euro
        2. Have a new currency
        3. Keep the pound
1. The Euro seemed a good idea before it began falling apart. Now it is to be avoided at all costs.
2. Making a new currency sounds good, but there would be no central bank to support it, so it is bonkers
3. Keeping the pound is equally mad. An independent Scotland would be entering a currency union with a Britain in which it had no say. To quote Alistair Darling
       "Entering into a currency union would mean, that we would have, what would be a foreign country (Britain), being required to approve Scotland's budget and they would also have a say on Scotland's spending"
      Britain would control an Independent Scotland's money and Scotland would have no power over what was done --- BONKERS




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