This guy cant vote. But he was The Man at the US Treasury, so he is worth listening to. Mr Greenspan, a former chairman of the US Federal Reserve, said the economic consequences of independence would be “surprisingly negative for Scotland, more so than the nationalist party is in any way communicating”. “Their [nationalist] forecasts are so implausible they really should be dismissed out of hand,” said the normally circumspect Mr Greenspan, noting the pace of decline in North Sea oil production. Despite nationalist claims to the contrary, he said there was no chance of London agreeing to a currency union. Differing fiscal policies would also cause any Scottish attempt at using the pound regardless to “break apart very quickly”. “There’s no conceivable, credible way the Bank of England is going to sit there as a lender of last resort to a new Scotland,” said Mr Greenspan. Probably somebody else who wants to join in the scaremongering and lie telling. Probably looking for a seat on the BBC Board of Governors. Or then again, he just might be telling the truth. Hmmmmm. I think he he might just be telling the truth.
Posted on: Tue, 16 Sep 2014 11:59:35 +0000
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