Sable said
I mentioned Greece in the sense that if your economy tanks you won't have the safety net of the EU to support you. Not that you wouldn't get loans and such, but your EU membership would certainly be jeopardized, if not delayed, if Scotland can't compete economically. It wouldn't be fun.

scribz said
No, it's entirely a political move. The UK would be fucking themselves up if they did that. It's the same as the US and China in trade only to a smaller scale, no side would for a second want to remove something that's win-win for the both of them. Consider that Greece is more and more relying on tourism, which is entirely dependant on international wealth of the rest of Europe, their situation is very much different from us.

The Nexerus said
The UK's position on a currency union between the United Kingdom and an independent Scotland is identical to their position on the United Kingdom using the Euro. To quote the head of the Bank of England verbatim, "A currency union is incompatible with sovereignty."

The Nexerus said
Aren't Scots more in favour of EU integration than the rest of the UK? Just take on the Euro, then. I'm sure it'll work out.

scribz said
still letting you use the pound anyway as we can't actually stop you

The Nexerus said
Hypothetically, Scots would still be able to use the pounds in their wallets to go the store and buy groceries, but the Bank of England absolutely can and absolutely will disavow an independent Scotland from using the pound sterling without an adequate negotiation process. If you want Scotland to be like Zimbabwe and have no currency on a government level and use a foreign currency on the level of actual citizens, that's fine, but if not, Scotland needs to negotiate the terms of a currency union with the Bank of England, and accept that they're negotiating because it is the Bank of England and the Bank of England alone that dictates the pound.

scribz said
The entirety of the argument is on the Bank of England bailing out Scotland on the basis of economic collapse, the same way that the US national reserve bails out various countries as a whole, as it's the international reserve currency. That's all their disavowing has powers to do, unless the sterling becomes the national reserve currency, it cannot actually effect trade. But, again - if a huge chunk of your union was leaving without any change, and they were offering to pay for a proportional level of the debt, and that they're already your 2nd highest trading partner in the world, would you actually think it's a bad thing? I mean, put it this way - as the bank of england, there wouldn't be any more difference as it would be if scotland was simply a fully devolved country within the union. And, as you said, the Euro there.If I got to name a new currency, i'd call it the #YOLO

Sable said
Nah, man, call it the Highlander.

Sable said
Nah, man, call it the Highlander.

The Nexerus said
My suggestion is the Mel Gibson. It will be divided into one hundred smaller units, which will be called Freedoms.

Halo said
I want it to be called the Unicorn, after Scotland's national animal.

idlehands said
And Scottish people love Groundskeeper Willie from the Simpsons. It's win, win really.

Doivid said Any country in the UK is basically a host body for the parasite that is London. All the money and resources go there.