George Osborne is right to helpfully point out that if the Scottish Nationalist prevail, Scotland does not just leave the Union, it leaves the Sterling zone.
Mr Osborne said: “Alex Salmond has himself said he’d want Scotland to join the euro and you have to ask yourself is that the currency you want to be joining at the moment? That’s a question that the Scottish people are going to have to ask themselves.” Pressed to say clearly if he would let an independent Scotland keep the pound, Mr Osborne replied: “Alex Salmond has said Scotland should join the euro. That means giving up the pound.”
How about a vote on it? Let the people of England, Wales and Northern Ireland determine if we will allow Scotland to stay in the Sterling zone. I am pretty sure that the answer (certainly from England) will be an overwhelming….GO NOW! Naturally, only a complete lunatic would seek to join the Euro at a time when the Euro looks bound for oblivion. However it is SNP policy to join the Euro. There is a link between the last two sentences.
Maybe the solution is for Scotland to introduce it’s own currency – the Scottish Groat? It could be based on the international value of haggis and whiskey and I am sure the money markets would pass judgement on it soon enough.
Scotland will not vote for Independence, even in the year of 2014. But Salmond’s bluff must be called on the economic front since that is the single greatest weakness in the SNP case.