4 ms·
To join the Euro, Scotland would need to go through a process whereby it pinned it’s currency to the Euro and kept it stable for a period of time. To do that, i
by physicsguy 4y ago
To join the Euro, Scotland would need to go through a process whereby it pinned it’s currency to the Euro and kept it stable for a period of time. To do that, it would need control of the currency and a central bank. That all takes time. The UK famously failed to keep the Pound in the ERM because of currency speculators, with much greater financial resources than a post-independence Scotland would have available.
- randomsearch 4y agoI think you’re blindly applying standard process to an exceptional situation. In politics, anything is possible, it depends solely on the circumstances and incentives involved. If England make it impractical for Scotland to adopt the pound, then the EU will welcome them with open arms into the euro. That’s just how the world works, states act in their own interests and rules bend as and when needed (as rules on euro membership have frequently been bent in the past).