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> because they’d be without a currency in the interim period From independence 1922 to 1979 (when we joined the EMS) Ireland just used a currency pegged to Ste
by rsynnott 10d ago
> because they’d be without a currency in the interim period
From independence 1922 to 1979 (when we joined the EMS) Ireland just used a currency pegged to Sterling. An independent Scotland would presumably use a newly-created currency pegged to either Sterling or the Euro, on at least a temporary basis.
Spain have dropped their threats to veto Scottish accession: https://www.theguardian.com/politics/2017/apr/02/spain-drops-plan-to-impose-veto-if-scotland-tries-to-join-eu https://www.theguardian.com/politics/2017/apr/02/spain-drops...
- gizajob 10d agoYou really think contemporary Scots are going to be alright with that? If we’re saying that Brexit has been economically disastrous for Britain then it seems exiting the UK could be even worse. I’d support the Scots doing it though if they manage to vote for it in a third referendum.
- rsynnott 10d agoI mean, if pegged against Sterling, they'd be about where they are now; Scotland has no meaningful control over Sterling currently.