Money problems
While not technically a default, it will be interpreted as such so that Scotland will not be allowed to borrow money for ten years and will be plunged into unprecedented austerity.
In addition, the EU could not possibly admit a country which had walked away from its debts as it would create a precedent for Catalonia, to say nothing of Greece and Italy.
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Hide AdScotland’s retention of sterling would become a source of speculation which would quickly result in failure with the statelet forced to introduce its own currency within months.
(Dr) John Cameron
Howard Place
St Andrews