Question about the LOL bit - when does that come in? Just when a government goes tits up? Cos the last time it was the countries in which the debt lay that paid that share of the bailout hence BoE around £120Bn while the US Fed paid around £640Bn. Its a myth we wouldnt have survived that on our own, it would have been basically the same. Anyhoo - there is all this talk of companies, jobs and problems for iScotland etc but they all rely on a single thing - there not being a CU. Experts are available on both sides of the argument and the yes side have been continually asked what their alternative would be. The UK govt. have refused to rule in a CU BUT nobody has ever asked them to explain to us and to their voters how in that case they would cope with their balance of payments deficit that would result from Scottish contribution to Sterling drying up. Until that question is asked and answered then it has to be likely that a CU is not just possible but likely.
Posted on: Thu, 11 Sep 2014 12:15:42 +0000
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