Heres a wee something on your currency question: In order to be - TopicsExpress



          

Heres a wee something on your currency question: In order to be considered for membership of the Eurozone, countries need to choose to include their currency in the Exchange Rate Mechanism II and there are no plans for Scotland to do this. No country can be forced to join the Euro against its will. Now, in return, can you answer how Scotland could be forced to join a currency union it doesnt meet the criteria for? Like asking someone who cant swim to join the swimming team, no? It might just be that Scotland would look to negotiate this issue with the EU directly as they attempt to join in after a YES. Incidentally, this matter could have been answered many years ago with 100% certainty if the UK government had asked (Scotland cannot pre-negotiate with the EU, only the UK can) but for some reason, they just wouldnt? Amazing, eh? But we should all trust them and vote NO, right? Now, your other non-question was about a Plan-B, yes? Ok, now, whats the UK governments Plan-B for snow turning blue and the sky altering to suit a 90 angle to the ground? They dont have one, because, well, they dont need one. Nor do we, really. A currency union is as sure as the sun rising tomorrow: the cost to the R-UK of not having one would be astronomical. But, you make a good point, there should ALWAYS be a Plan-B. Thats why the white paper sets out a Plan B too. And a Plan C. Ill list them for you in case your copy has been damaged: 1. The pound in a currency union 2. The pound outside a currency union (so-called “sterlingisation”) 3. A Scottish currency pegged to Sterling 4. A new, fully independent, “floating” Scottish currency 5. The Euro While none are as instantly attractive as an out and out union, they are all workable to a degree and the hurt Scotland would feel adopting either one wouldnt be a shadow of the hurt R-UK businesses would feel having to get with that program. This harping on about a OMG THE PLAN B!!!! is just a smokescreen. Oh, whilst we are at it: Stephen Hawking is a brilliant Physicist and Mathematician, but just as I wouldnt trust my barber to service my car, Id take Mr Hawkings comments in context: a well meaning opinion on something thats far outside his area of expertise
Posted on: Tue, 12 Aug 2014 20:08:09 +0000

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