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Darling on telly there declaring, unchallenged, that there's no independent countries in the euro zone!

He looks proper angry today. Has he joined UKIP?

From Lamont through Carmichael to Darling ypu can sense the absolute almost uncontrollable rage of the Unionist campaign. Still angry at the SNP stealing their birthright of guaranteed Scottish votes and now their shoe-in referendum is beginning to crumble before their eyes. Darling knows if he loses this he's done.

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Well thats the currency union assertions of the SNP holed below the waterline. As expected.

If the SNP can't even offer us proper independence then they need to get themselvesto f**k really. And this wouldnt be independence in any way.

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Well thats the currency union assertions of the SNP holed below the waterline. As expected.

If the SNP can't even offer us proper independence then they need to get themselvesto f**k really. And this wouldnt be independence in any way.

So you'll be voting UKIP then?

And also what exactly did Carney say that led you to believe that the Currency Union is "holed"? Please be very very specific and provide verbatim quotes. Oh and bear in mind that ceding "some soveregnty" leaves us with much much more sovereignty than we have just now.

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So the Guardian is running with an independent Scotland having to cede sovereignty' as it's headline - presently we have none, so having some to cede is surely a positive change!

Cede Sovereignty?

Can't we just let them keep the Royal Family?

:rolleyes:

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BT plugging the it's not even proper independence, so why bother line today.

Its like having your leg in a bear trap and bleeding out when someone says you'll have to hack your foot off to escape so why bother....

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Does anybody else think it is nearly time for the SG to "up the ante" on this & the EU subjects? Something along the lines of;

Regrettably, we have arrived at the conclusion that we were wrong to assume that common sense & pragmatism would win the day with the WG on these subjects. As we are unwilling to ask the people of Scotland to vote Yes in this referendum without total clarity, we formally request that the WG provides a definitive answer on the shared currency & EU membership issues within 14/21/28 days or we will form our own currency & arrange a referendum with the people on whether we should apply for EU membership post Independence.

Maybe it is a wee bit too early for this or maybe they are talking about it behind the scenes?

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Carney did say that some element of sovereignty would need to be ceded following negotiation ?

Would this be things like tax, borrowing, spending ?

He goes on about clear risks and careful negotiation - is 18 months long enough ? like all negotiations they could end in total conflict or the sides not getting enough out of it to think an agreement worthwhile so what is plan b ?

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Carney did say that some element of sovereignty would need to be ceded following negotiation ?

Would this be things like tax, borrowing, spending ?

He goes on about clear risks and careful negotiation - is 18 months long enough ? like all negotiations they could end in total conflict or the sides not getting enough out of it to think an agreement worthwhile so what is plan b ?

Thing is if we agree to take on a share of the debt, these concessions, loss of soveriegnty issues etc will work both ways. We do own a share in the BOE. I've no doubt when there is big money with vested interests in a smooth transition, there will be a smooth transition.

Worst comes to the worst and no agreement we hold all the cards.

We declare UDI as a new nation. Pump yer debt as we have no liability in law. Use the pound unofficially for a couple of months until we launch our own currency. Scots pound soars backed by Western Europes biggest oil reserves on top of a nation with no debt burden.

Ofcourse this will cause huge instability in the RUK and its a scenario nobody wants. Which is why there will be a nice smooth currency union with a negotiated set of controls and input for both nations. Money talks.

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Carney did say that some element of sovereignty would need to be ceded following negotiation ?

Would this be things like tax, borrowing, spending ?

He goes on about clear risks and careful negotiation - is 18 months long enough ? like all negotiations they could end in total conflict or the sides not getting enough out of it to think an agreement worthwhile so what is plan b ?

It certainly involves agreeing on, and

only having a minority voice on things like interest rates, but then we currently have no practical say on that anyway. In terms of the taxbase, no I think how the money is raised and spent will still be our decision, as it is in the Eurozone. Practically there will be a limit on that, but then even without a currency union, there would be practical limits on how far you deviate from your major trade partners. Ultimately free trade forces some degree of normalisation on everyone. In terms of where the taxes are raise though, and how they are distributed, that would still be our decision - and is still a massive upgrade on what we have currently.

As for plan B - guess it would be longer negotiations, or getting a working model in place to start with and then negotiating the harder stuff on the side, life goes on and the 18 month thing is not some written in the stones gospel.

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And BoE sets the interest rate by which criteria in the potential future?

Currently single rate for a single area with currency and political union. If our economy is going to move away from the UK's then presumably our needs might be different from the UKs, so clearly there is potential for things not to all go swimmingly and for disagreement.

At the end of the day it is probably not that different from now - ie England is more influential than us in this regard. But its the pretence that all power would come here and belong with the SG and that we hold all the cards which is just hard to comprehend.

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And BoE sets the interest rate by which criteria in the potential future?

Currently single rate for a single area with currency and political union. If our economy is going to move away from the UK's then presumably our needs might be different from the UKs, so clearly there is potential for things not to all go swimmingly and for disagreement.

At the end of the day it is probably not that different from now - ie England is more influential than us in this regard. But its the pretence that all power would come here and belong with the SG and that we hold all the cards which is just hard to comprehend.

Do you see massive differences between our Central Bank Interest Rates & those in other Countries/Regions, EU?, US?, Norway?, Sweden?, Denmark? There is huge Global influence on Interest Rates.

Scotland very much has the Economic cards in this, (potential), negotiation.

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And BoE sets the interest rate by which criteria in the potential future?

Currently single rate for a single area with currency and political union. If our economy is going to move away from the UK's then presumably our needs might be different from the UKs, so clearly there is potential for things not to all go swimmingly and for disagreement.

At the end of the day it is probably not that different from now - ie England is more influential than us in this regard. But its the pretence that all power would come here and belong with the SG and that we hold all the cards which is just hard to comprehend.

If, over time the economies start to diverge, then we have to revisit the situation, and if necessary move towards our own currency, personally I always imagined the currency union being a stop gap anyway.

As for the interest rates, right now Scotland has none, absolutely no influence. There is no formal mechanism by which the 59 Scottish MPs or the holyrood parliament can influence interest rates, at least as a minority partner in a currency union they will at least have to acknowledge our existence, and we may be able to steer certain decisions, being in the room is better than not, and in the case of independence we actually gain more influence over Sterling than we have currently.

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Of course a currency union could be done. It's whether it would be done that's important.

And that's not a decision for Carney. It's a political decision.

Well then dont you think its incumbent on the Westminster Govt to clearly state their position on this prior to the referendum. Surely in the interests of informing the electorate fully, after all just this afternoon Camerons office issued a statement saying that the people of Scotland require all the facts.

Surely you agree that Cameron and Ossie must now inform the electorate of their intentions in the event of a YES vote. At the very least they should clearly state if they will or will not enter into negotiations. Ideally they should negotiate between now and the referendum so that we know what we are voting for. This would be entirely consistent with the Bitter Together message of informing the electorate fully on every aspect of every minor detail of absolutely every single thing which may or may not happen at some point in the next millenia.

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