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Tuesday, 30 April 2013

The Currency – Jon Snow and Alex Salmond

Not a very inspired or economically literate interview from Jon Snow, in my view. He trots out old quotes and BetterTogether simplistic soundbytes to the manner born.

Once again - for Snow and other economic primitives - the options are these:-

ONE: Adopt the euro. COMMENT: Nobody in their right mind would do that at the moment.

TWO: Launch a new Scottish currency. COMMENT: As above - but after independence day and new Scottish Government in 2016, clearly an option, dependent on European situation.

THREE: Decide to abandon the referendum and stay with the failing, incompetent, corrupt UK/Westminster regime. COMMENT: Scots would have to be nuts ...

FOUR: Stay with sterling after a YES vote. COMMENT: No other choice till 2016 since we're not yet independent - re-evaluate sterling in the light of progress in negotiations with rUK over currency union - and the state of the eurozone ...

Quod erat demonstrandum, Jon Snow.


  1. You have said it all. My thoughts exactly. If after a Yes vote, rUK say no go to Sterling currency union, then they will just have to survive with a weak currency, since they wont have oil to underpin it.