ktlight
14th January 2012, 09:35
FYI:
"The UK government has warned Scottish authorities that an independent Scotland would not be able to keep the pound as its currency, according to media reports.
The warning has been made by the Chancellor George Osborne, who said Scotland's first minister would have to make transparent his plans for the currency of an independent Scotland in case it left the United Kingdom, said the reports.
"Alex Salmond has said Scotland should join the euro that means giving up the pound, joining the euro, that is not the currency I'd be wanting to join at a time like this," Osborne said.
The Scottish National Party (SNP) has said an independent Scotland would join the European Union. Countries that join the EU are required to join the single currency as part of the accession deal.
However, Osborne refused to say whether Scotland would be allowed to keep the pound following separation and the decision to join the EU.
Osborne said that he thought Scotland would "lose out" and would not be as prosperous as it would be if it remained part of the UK.
"I think profoundly it would not be good for Scotland or for the UK and it wouldn't be good for the people of Scotland in terms of the health of the Scottish economy," the Chancellor added.
His intervention could be seen as an attempt to turn any future referendum on Scottish independence into a choice for between Pound Sterling and the single European currency, which he said had "been very damaging for the whole of the world".
Osborne, who chairs a ministerial committee on Scotland, is taking a leading role in fighting the SNP's call for the break-up of the UK.
"I think at last we are taking the fight to the separatists," he said, adding that "those who do not want to see this country pulled apart are now putting their arguments together and what's interesting is you see when you put some pressure on the SNP you can quite quickly put them on the back foot." "
source
http://www.presstv.ir/detail/220893.html
"The UK government has warned Scottish authorities that an independent Scotland would not be able to keep the pound as its currency, according to media reports.
The warning has been made by the Chancellor George Osborne, who said Scotland's first minister would have to make transparent his plans for the currency of an independent Scotland in case it left the United Kingdom, said the reports.
"Alex Salmond has said Scotland should join the euro that means giving up the pound, joining the euro, that is not the currency I'd be wanting to join at a time like this," Osborne said.
The Scottish National Party (SNP) has said an independent Scotland would join the European Union. Countries that join the EU are required to join the single currency as part of the accession deal.
However, Osborne refused to say whether Scotland would be allowed to keep the pound following separation and the decision to join the EU.
Osborne said that he thought Scotland would "lose out" and would not be as prosperous as it would be if it remained part of the UK.
"I think profoundly it would not be good for Scotland or for the UK and it wouldn't be good for the people of Scotland in terms of the health of the Scottish economy," the Chancellor added.
His intervention could be seen as an attempt to turn any future referendum on Scottish independence into a choice for between Pound Sterling and the single European currency, which he said had "been very damaging for the whole of the world".
Osborne, who chairs a ministerial committee on Scotland, is taking a leading role in fighting the SNP's call for the break-up of the UK.
"I think at last we are taking the fight to the separatists," he said, adding that "those who do not want to see this country pulled apart are now putting their arguments together and what's interesting is you see when you put some pressure on the SNP you can quite quickly put them on the back foot." "
source
http://www.presstv.ir/detail/220893.html