General Discussion: A Reason For Not Living In Scotland


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james_fox
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538 posts since 1/8/10

10 Sep 2014 21:10
bank of england will still set interest rates etc so not really true independence is it. also you can't join the EU without your own central bank.
burny
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5789 posts since 25/5/06

10 Sep 2014 21:14
Definitely won't be sterling. It's not happening. And it can't be euro for at least 5/6 years. They'll have to apply to be a part of Europe and currently there's a waiting list.

It's not just the pound though, it's that most companies are already looking to move out of Scotland. Financially, these companies rely on being part of Europe, as there's security involved. Without that security, savings, pensions, insurance etc is all at risk.
Noble Locks
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66963 posts since 10/7/03

posted 10 Sep 2014 21:19, edited 10 Sep 2014 21:19
Its a no brainer imo. They have to leave us, have too. Its a no lose gamble. Do the split, if it dont work out or they go skint when the oil runs out, just come back. Englands the richestish country in the world and the most soft, they would never ever leave scotland fucked, they wont even evict an illegal immigrant rapist, so as if they would let a country attached to us go under. Whoever doesnt vote yes is nuts.
james_fox
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538 posts since 1/8/10

10 Sep 2014 21:23
burny wrote: Definitely won't be sterling. It's not happening. And it can't be euro for at least 5/6 years. They'll have to apply to be a part of Europe and currently there's a waiting list.

spain would veto them anyway as they wouldn't want to allow a precedent to be set for the basque region going independent.
Double D
Double D avatar

3552 posts since 8/3/07

posted 10 Sep 2014 21:27, edited 10 Sep 2014 21:27
Amazed noone's mentioned that until now; ridiculous as Catalonia has way more of a case to leave.

edit: forgot the Basques but Catalonia is the big issue with a pending referendum
Mrtyn
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969 posts since 30/1/14

posted 10 Sep 2014 21:28, edited 10 Sep 2014 21:28
Won't be the pound? Who would stop us? The currency union is likely regardless of what the muppets at Better Together try and tell you. It's not even up to the twats in Westminster to make that decision, so why they're acting like it is is beyond me. If it doesn't happen we will use the pound. Why wouldn't we? It a better option than starting our own currency. You do realise that the pound isnt just England's?

Most companies are moving out? Come on. Behave. You an Express or Daily Mail reader?
Double D
Double D avatar

3552 posts since 8/3/07

10 Sep 2014 21:32
You might want to think that through, while there's nothing to stop you using the pound you'd have no control over monetary policy without our say so.

That being said I'd be shocked to see us not let you keep the sterling, because the economic impact of currency change could be brutal for us too.
Noble Locks
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66963 posts since 10/7/03

10 Sep 2014 21:35
Lloyds saying they will move out if its a yes. Twats.
hang_on_voltaire
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497 posts since 11/11/09

10 Sep 2014 21:36
Royal Bank of Scotland & Lloyds Bank both saying they will move HQ to London if vote is yes.
Mrtyn
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969 posts since 30/1/14

10 Sep 2014 21:36
I'll look for the article if you like but it has been said that we can be a member of the EU as an independent Scotland in 18 months. This is because we are already in the EU and applying as an insider looking for continuity and not an outsider.

These were the words of Pat Cox so he knows a thing or two.
Double D
Double D avatar

3552 posts since 8/3/07

10 Sep 2014 21:38
Spain will veto you, no two ways about it.
burny
burny avatar

5789 posts since 25/5/06

10 Sep 2014 21:42
Both Spain and Belgium will veto their application because of separists movements. Also, Scotland would likely HAVE to take the euro if they were to be let in. And certainly not in 18 months.
Mrtyn
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969 posts since 30/1/14

10 Sep 2014 21:44
No they won't. They have already said that they see our situation as 'fundamentally different'.
burny
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5789 posts since 25/5/06

10 Sep 2014 21:44
Laughing out loud
Mrtyn
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969 posts since 30/1/14

10 Sep 2014 21:46
And no we won't have to take the Euro. That is utter garbage. You know that isnt true.
Mrtyn
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969 posts since 30/1/14

10 Sep 2014 21:47
It's no wonder the Yes campaign has gained so much momentum. Try using facts and truth. If you can provide them ill change my mind.
FLG
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5860 posts since 21/5/04

posted 10 Sep 2014 21:58, edited 10 Sep 2014 21:58
burny wrote: Definitely won't be sterling. It's not happening. And it can't be euro for at least 5/6 years. They'll have to apply to be a part of Europe and currently there's a waiting list.
We could use whatever currency we chose in the same way Hong Kong and Panama use US dollars. Like james_fox says we just couldn't set interest rates obviously. I think you mean the currency union and I agree as the union would be more important to Scotland than the remaining UK. There is the terrifying prospect of Scotland not getting it's share of assets therefore shouldn't take it's share of liabilities.

burny wrote: It's not just the pound though, it's that most companies are already looking to move out of Scotland. Financially, these companies rely on being part of Europe, as there's security involved. Without that security, savings, pensions, insurance etc is all at risk.
You could argue that the last place they should head is UK then with an in/out Europe referendum on the horizon and the rise of UKIP.

james_fox wrote: spain would veto them anyway as they wouldn't want to allow a precedent to be set for the basque region going independent.
There is no precedent for an existing EU nation separating then staying within the EU. There would be negotiations and while it wouldn't be instant I can't see the logic in it being the full waiting time as a new state. In the Guardian today "There will be humming and hawing in Spain, Belgium and other countries facing separatist challenges.
But in the end politics will trump legal niceties. It will be very difficult for Brussels to ignore a free, peaceful, democratic referendum outcome without looking anti-democratic. Besides, the entire body of EU law and regulation already applies in Scotland, so negotiations should be relatively smooth."

Double D wrote: Amazed noone's mentioned that until now; ridiculous as Catalonia has way more of a case to leave.
Catalonia isn't a country, has no consistency in it's elections, the Spanish government isn't accepting the result of the referendum either way, has been on the brink of bankruptcy for years (should find a way of taxing pick pockets earnings and turn the place into Monaco).
FLG
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5860 posts since 21/5/04

10 Sep 2014 22:04
Alex Salmond 1999 on the pound wrote: a millstone round Scotland's neck
Laughing out loud
burny
burny avatar

5789 posts since 25/5/06

10 Sep 2014 22:15
Mrtyn wrote: It's no wonder the Yes campaign has gained so much momentum. Try using facts and truth. If you can provide them ill change my mind.

I've not said anything that hasn't been written about, everyday, for the past 3 months. Salmonds campaign is based on assumptions. Truth is he, or anybody, has no idea what will happen. Some people thinks that's great, a shot in the dark, others don't. Devolution is an ongoing process and (in my opinion) should be left to carry on as scheduled.
TheHumanDynamo
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55 posts since 3/5/09

10 Sep 2014 22:15
Mrtyn wrote: It's no wonder the Yes campaign has gained so much momentum. Try using facts and truth. If you can provide them ill change my mind.

Oh the irony