Scottish Referendum - Part Deux
Comments
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The options were quite plain the last time round, there was just lots of arguing and no real agreement0
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HaydenM wrote:The options were quite plain the last time round, there was just lots of arguing and no real agreement
Option £ temporarily just means Euro or Scottish £groat later, no? So just delaying one or other of the options not even the SNP want.0 -
First Aspect wrote:KingstonGraham wrote:HaydenM wrote:I'm slightly more likely to vote Yes this time round but there are some pretty big issues to iron out which weren't last time such as the danger of pegging the currency to the pound and pretending it makes Scotland independent for instance.
There are countries that are independent from the USA that have currency pegged to the dollar.
Awesome.
What's wrong with Costa Rica???
And Zimbabwe doesn't have it's own currency any more.
I wouldn't expect Scotland to end up like Venezuela or Zimbabwe, perhaps you disagree.
Bermuda, Barbados, UAE are other examples of currencies pegged to the USD.0 -
PBlakeney wrote:What on earth are you lot talking about?
Entry to the EU. The Euro. End of.
It ain't going to happen though....EVER! Just remember the reaction NS got when she flew in to try and meet the EU movers and shakers. The doors just slammed in her face. She's a pariah to them as she just polarises the problems Spain and Belgium have with their counties. The Scottish public are starting to hate her for doing a crap job governing, the majority of whom don't agree with her indyref stance, so she's on borrowed time.0 -
I have a slightly less bleak view about entry to the EU, it depends if their desperation to keep the EU together outweighs their dislike of separatist movements. Not sure if things have changed enough since Brexit.PBlakeney wrote:What on earth are you lot talking about?
Entry to the EU. The Euro. End of.
Even if we did join the EU, joining the euro isn't a simple process as it requires an existing currency to be using in their exchange rate mechanism for years leading up to it which we don't currently have. I'm sure there would be a way around that but still. The euro very has little support in business or government, if we were forced to take the euro I wonder whether it would be enough for people to drop the idea of trying to rejoin the EU after all? What did Yes voting Scots really want when they voted remain?
Currency union with the UK is the favoured option and would potentially be best for Scotland but then I think a political union is best for Scotland too... Lots of people would disagree with me but I don't think it serves the ideological purpose of independence that a lot of the Yes voting public have0 -
Using the Euro is a prerequisite for Countries joining the EU. You can't campaign for independence based on joining the EU if you cannot join the EU.The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Why not join EEA and make everybody happy?0
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Surrey Commuter wrote:Why not join EEA and make everybody happy?
This could go on a while.0 -
First Aspect wrote:Surrey Commuter wrote:Why not join EEA and make everybody happy?
This could go on a while.
USD0 -
Surrey Commuter wrote:First Aspect wrote:Surrey Commuter wrote:Why not join EEA and make everybody happy?
This could go on a while.
USD0 -
They should probably use a currency more in line with Scotland's circumstances post any independence deal.
I reckon the Venezuelan Bolivar would be a good fit"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Garry H wrote:[url][/url]Stevo 666 wrote:They should probably use a currency more in line with Scotland's circumstances post any independence deal.
I reckon the Venezuelan Bolivar would be a good fit
Keep you nose out sassenach. You don't get a say in it!"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
First Aspect wrote:Surrey Commuter wrote:First Aspect wrote:Surrey Commuter wrote:Why not join EEA and make everybody happy?
This could go on a while.
USD
Whilst my suggestion was in jest it was also a way of opening up debate. So why don't you spell out why it is a bad idea and any better or worse than a Scottish pound and if that would be pegged and if so to what?0 -
Surrey Commuter wrote:First Aspect wrote:Surrey Commuter wrote:First Aspect wrote:Surrey Commuter wrote:Why not join EEA and make everybody happy?
This could go on a while.
USD
Whilst my suggestion was in jest it was also a way of opening up debate. So why don't you spell out why it is a bad idea and any better or worse than a Scottish pound and if that would be pegged and if so to what?
So could it work as a precursor to an independent currency? Perhaps.
Whatever happens, as soon as there is an independent currency, its cork on rough seas - which is uncomfortable compared to what we currently have. A big slip in your currency's value leads to spikes in inflation like we're experiencing now. Only, for the small country proportionally importing much more, those effects would be more marked. For businesses too, I imagine that stable is better than a fluctuating currency, even if the average is the same over time. All of which leads to a downward pressure on an economy in the long term.
I confess I'm less clear on the practical implications of using someone else's currency or having a fixed exchange rate. Maybe someone could enlighten me. I can't help but notice that all of the countries that do this aren't doing too well, though. Perhaps this is coincidence, because of the reasons they ended up in that position in the first place.
The Euro bothers me less, oddly enough, because firstly its exchange rate is stable and secondly although its a basket case, there's too much at stake for it to fail. Is that naïve?0 -
First Aspect wrote:Surrey Commuter wrote:First Aspect wrote:Surrey Commuter wrote:First Aspect wrote:Surrey Commuter wrote:Why not join EEA and make everybody happy?
This could go on a while.
USD
Whilst my suggestion was in jest it was also a way of opening up debate. So why don't you spell out why it is a bad idea and any better or worse than a Scottish pound and if that would be pegged and if so to what?
So could it work as a precursor to an independent currency? Perhaps.
Whatever happens, as soon as there is an independent currency, its cork on rough seas - which is uncomfortable compared to what we currently have. A big slip in your currency's value leads to spikes in inflation like we're experiencing now. Only, for the small country proportionally importing much more, those effects would be more marked. For businesses too, I imagine that stable is better than a fluctuating currency, even if the average is the same over time. All of which leads to a downward pressure on an economy in the long term.
I confess I'm less clear on the practical implications of using someone else's currency or having a fixed exchange rate. Maybe someone could enlighten me. I can't help but notice that all of the countries that do this aren't doing too well, though. Perhaps this is coincidence, because of the reasons they ended up in that position in the first place.
The Euro bothers me less, oddly enough, because firstly its exchange rate is stable and secondly although its a basket case, there's too much at stake for it to fail. Is that naïve?
You are right that there is cause and effect at work though there are strong economies who have pegged their currencies, usually because they are major exporters. IMO this will help,with short term fluctuations but not trends over which is is hard if not impossible to buck the market.
Not sure why you think the Euro is a basket case - what does that make sterling?
By ditching a currency union Scotland would get to set it's own monetary and fiscal policy which assuming a basic level of competence should produce better results than one designed to fit the entire UK.0 -
Stevo 666 wrote:Garry H wrote:[url][/url]Stevo 666 wrote:They should probably use a currency more in line with Scotland's circumstances post any independence deal.
I reckon the Venezuelan Bolivar would be a good fit
Keep you nose out sassenach. You don't get a say in it!
What if we just got deported for being aliens?0 -
Garry H wrote:Stevo 666 wrote:Garry H wrote:[url][/url]Stevo 666 wrote:They should probably use a currency more in line with Scotland's circumstances post any independence deal.
I reckon the Venezuelan Bolivar would be a good fit
Keep you nose out sassenach. You don't get a say in it!
What if we just got deported for being aliens?"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Garry H wrote:Stevo 666 wrote:Garry H wrote:[url][/url]Stevo 666 wrote:They should probably use a currency more in line with Scotland's circumstances post any independence deal.
I reckon the Venezuelan Bolivar would be a good fit
Keep you nose out sassenach. You don't get a say in it!
What if we just got deported for being aliens?
So long as I can sneak in once a year to Glentress/Inners i'm not bothered!
But Scotland's not going to go independent, so it ain't going to happen in any case :!:0 -
RallyBiker wrote:Garry H wrote:Stevo 666 wrote:Garry H wrote:[url][/url]Stevo 666 wrote:They should probably use a currency more in line with Scotland's circumstances post any independence deal.
I reckon the Venezuelan Bolivar would be a good fit
Keep you nose out sassenach. You don't get a say in it!
What if we just got deported for being aliens?
So long as I can sneak in once a year to Glentress/Inners i'm not bothered!
But Scotland's not going to go independent, so it ain't going to happen in any case :!:"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Stevo, I'm not sure a toll northbound would be much good, as no one would need to go.0
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Ballysmate wrote:Stevo, I'm not sure a toll northbound would be much good, as no one would need to go."I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0
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Stevo 666 wrote:Ballysmate wrote:Stevo, I'm not sure a toll northbound would be much good, as no one would need to go.
I live near Glentress. I can get you in, if it comes to that. No questions. You didn't see me, ok?0 -
Garry H wrote:Stevo 666 wrote:Ballysmate wrote:Stevo, I'm not sure a toll northbound would be much good, as no one would need to go.
I live near Glentress. I can get you in, if it comes to that. No questions. You didn't see me, ok?"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Stevo 666 wrote:Garry H wrote:Stevo 666 wrote:Ballysmate wrote:Stevo, I'm not sure a toll northbound would be much good, as no one would need to go.
I live near Glentress. I can get you in, if it comes to that. No questions. You didn't see me, ok?
Can be. Who's asking?
(I'll need to do something once all the banks hightail to Frankfurt am Main.)0 -
RallyBiker wrote:She's a pariah to them as she just polarises the problems Spain and Belgium have with their counties.
I think the Basques and Walloon (?) areas would ciunt as more than "counties". As would Scotland.
It's just a hill. Get over it.0 -
SecretSam wrote:RallyBiker wrote:She's a pariah to them as she just polarises the problems Spain and Belgium have with their counties.
I think the Basques and Walloon (?) areas would ciunt as more than "counties". As would Scotland.0 -
Garry H wrote:Stevo 666 wrote:Ballysmate wrote:Stevo, I'm not sure a toll northbound would be much good, as no one would need to go.
I live near Glentress. I can get you in, if it comes to that. No questions. You didn't see me, ok?
Top man!0 -
RallyBiker wrote:Garry H wrote:Stevo 666 wrote:Ballysmate wrote:Stevo, I'm not sure a toll northbound would be much good, as no one would need to go.
I live near Glentress. I can get you in, if it comes to that. No questions. You didn't see me, ok?
Top man!
Who wants to know? I'm outta here.0