Val
Ryder Cup Winner
Only if a union is agreed. It can use the pound without one but that would be stupid IMO.
Scotland Debate
- Thread starter Doon frae Troon
- Start date
Only if a union is agreed. It can use the pound without one but that would be stupid IMO.
One Planer
Global Moderator
Is this the scenario that wouldn't give a lender of last resort?
FairwayDodger
Money List Winner
The thing about the "when it comes to it a currency union will happen" theory is that in all my years I don't think I have ever heard a group of politicians give such a clear cut and unequivocal statement on policy. All the main players in all the mainstream parties will be dead in the water if they turn around now and say "ok we'll have a currency union after all". They've nailed their colours to the mast and have nowhere to go....
SwingsitlikeHogan
Major Champion
I watched a debate from Aberdeen last night. The currency issue may still be very significant for NO voters - but I get impression that for the others - they get it - and would like BT to stop going on about it - it's a stuck record. As soon as Jim Murphy raised it groans all around - yes of course that's how YES supporters will react - but I don't think it's really helping the NO cause now.
Val
Ryder Cup Winner
They would do it with a compromise though, ie nukes on the Clyde or whatever it maybe but a compromise none the less.
Val
Ryder Cup Winner
Yip, and rates for borrowing in this case would be as bad as using a pay day lender
One Planer
Global Moderator
So that would me no EU membership?
Sounds to me like, although people are sick of hearing about it, the issue of currency hasn't really been solved?
Doon frae Troon
Ryder Cup Winner
Without wishing to sound rude are the three leaders not 'dead in the water' already.
SwingsitlikeHogan
Major Champion
Interesting thought that. If there is a YES two weeks (eeek!) today then wherefore art thou Messrs Miliband, Cameron and Clegg?
selective listening and comprehension.
He stated you can use whatever you want, the pound, dollar, yen etc etc. there is nothing to stop you using smarties as currency but if you arent supported by a central bank there is no stability and no country will lend to you especially if you have a track record of defaulting on a debt which Salmond has said he will do.
isnt Cameron involved in something far more serious right now, and that's where he should be as our PM
FairwayDodger
Money List Winner
Only Clegg but he's still in denial.
CheltenhamHacker
Journeyman Pro
He's in Egypt?!
FairwayDodger
Money List Winner
Yeah, his head is in the sand.....
Beezerk
Money List Winner
Crikey the Yes campaigners have been out in force in Cumbernauld, every (and I mean every) lamp post has a massive Yes banner on it 
ger147
Tour Winner
Crikey the Yes campaigners have been out in force in Cumbernauld, every (and I mean every) lamp post has a massive Yes banner on it
Been like that for a few weeks now. The No's were round the doors last week.
Adi2Dassler
Journeyman Pro
Been saying for ever, no currency union=no lender of last resort=no EU.
no currency union=no sharing of debt*= devaluing of £= balance of payments skewed
* debt is owned by UK, if Scotland leaves UK, we leave debt.And don't come back saying who would lend to someone who defaulted on their loan, we're not defaulting on anything.The fact that debt is owned by The UK has been confirmed by the treasury, so it's not made up stuff, but confirmed UK govt fact.
Another one: Pensions.If Scotland votes YES, we'd have no pensions to pay.As confirmed by the Dept for work and pensions, The UK govt is liable for continuing to pay the pensions of those who have paid into the pot.An example would be Terry and June from Plymouth who retired to Spain to live our their golden years.They still get a pension, don't they?Bill from NI who's moved to Australia to be close to his grandchild, he still gets his pension from UK.So every single pensioner in Scotland would be paid their pension that they've contributed to by Westminster.
So two govt departments confirming they're liable for UK debt and continuing to pay pensioners of Scottish based pensioners. That's an incredible amount of money.
Better Together are now so desperate in the face of rising support for YES that they've had Rifkind/Lang/Forsyth have been rolled out to help.Three arch tories attempting convince Scotland of the merits of the union.Nearly as comical as Darling/Brown lecturing on the economy.
But the frantic attempts and panic mode shows one thing: YES has all the momentum, NO are still basing their entire campaign on negativity and fear, simply because they know they're goosed on so many levels.
But when all that is said, most sensible Scottish folk want to continue contributing to the financial burden we find ourselves in, even if we don't actually have to.
CheltenhamHacker
Journeyman Pro
Wow, that actually comes across really poorly off you. You would be prepared to completely screw over the rest of the UK, so you could avoid your debts. If that's the moral basis of an iScot then it could go downhill pretty quickly.
turkish
Journeyman Pro
Posted my No vote the other day!!!
Starting to think the Yes campaigners will win though unfortunately
Starting to think the Yes campaigners will win though unfortunately
the smiling assassin
Challenge Tour Pro
so the uk has to honour payments for pensions but an iS won't have to honour payments for national debt - wow that almost sounds to good to be true. got to admire your blind faith in der propaganda.
