51–60 of 82 posts
An important part of the campaign against the independence was that they would be out of the EU, isn't? The irony is really big here
Earlier quoted context omitted.
How so?
Politically whiny, want the independence but keep the £, have a lot of preferences already etc.
So .. According to you other european countries should get a referendum about UK being in the EU
Earlier quoted context omitted.
Capital is very easy to move (and is already moving), banking talent is not rare and tolerance for risk taking? We're talking about banking here. The tolerance for risk taking in banking goes just so far that you are not fired if the risk is covered before you are found out. Start-ups and banking have very little to do with each other. I'd like to see a start-up succeed under the kind of risk-averse attitude that's p…
20-somethings at Wall Street and City firms are making billion dollar trades--ones where even a small amount of risk can yield huge losses. That takes an appetite for risk. Those firms have pipelines funneling in the top graduates from the top schools. They've got access to (rare) talent. They've got the connections with individual and institutional investors that can raise billions of dollars on tight timelines to f…
The EU membership will most likely come with a change of currency, which means leaving the BoE for the ECB. Given the ECB's track record and it's inability to do what a central bank ought to do - protect banks from bank runs, devalue, etc. - I believe that it's suicidal. The QE was was a joke. Surplus recycling is nowhere to be found in the European Union, vis-a-vis Germany Scotland will have deficit, hence it's doom…
On the other hand, one of the main arguments against leaving the UK, at the time of the referendum, was that Scotland couldn't leave the union and keep the GBP as their currency, and they feared a weak and especially a volatile currency could wreck havoc on their economy. Having a secure path to EU membership (without veto power by the UK) and the backing of the ECB would help a lot against that risk.
Earlier quoted context omitted.
Why should Scotland join the Euro? As you've outlined it's not in their interest.
All recent new members have been required to, I believe.
There's an interesting question around the fact that the UK has an opt out of the Euro.
An important part of the campaign against the independence was that they would be out of the EU, isn't? The irony is really big here
Quite the case. One of the key reasons that the Scottish referendum in 2014 was not won was because of uncertainty about continued EU membership and the currency that the country would use. To make that decision and less than two years later be dragged out of the EU anyway has pissed off a bunch of people. Lots of noise coming from former 'no' voters and media about how they feel misled. And now that Scotland has res…
For me that's the biggest take away from it; half of the scots voters said they wanted out of that union, which usually means "we don't feel that country represents us properly". Now, that's not irreparable and you have a perfect, even stronger example in recent times with Quebec and Canada. The solution was "simple"; listen to them and go their way, if only a little. Show them that you care about them being in. Laugh all you want about the French labels everywhere in Canada but they're basically Canada saying "ok Quebec, we need you, let's stay together".
With that Brexit vote, the UK has thrown away one of the biggest thing scots were sure about; they wanted to be in the EU. Even if they manage to not lose them through independence, it has been marked in the sand that England decides and Scotland follows, even if they really don't want to.
(I mean 68% for remain ? I'm not sure any other EU country would get that at the moment, maybe Germany)
An important part of the campaign against the independence was that they would be out of the EU, isn't? The irony is really big here
That's correct. The UK, inside the EU, could have vetoed the admission of Scotland to spite them. But now, that's not the case anymore...
Scotland wanted in the EU but weren't sure they would be able to be properly and quickly outside the UK, while staying in was the safe way to keep EU membership. Now they know for sure they can only be in by being outside the UK.
Earlier quoted context omitted.
It would be more fair to hold a referendum in England whether it should be united with Scotland. Would be more productive for Scotland's independence.
I know of a lot of British people who do not want Scotland to be part of the UK. They get more funding per head, their own government and then complain they are unfairly treated.
Since this is a fact, you see some very odd and contorted phrases to imply otherwise. One classic is to say that Scotland spends more than it earns. Which is entirely true, Scotland runs a deficit. What isn't mentioned is that the UK as a whole runs a deficit. But Leave voters have shown themselves to be very susceptible to propaganda as long as it talks down "the other".
Earlier quoted context omitted.
There might not be an EU by the time Scotland gets a vote to secede and begins an application to join the EU. Fascinating time to be alive.
There might not be an EU by the time Scotland gets a vote to secede Doubtful: As long as France and Germany are on board, the EU will survive in some fashion. The comment[1] of German economist Max Otte[2] regarding the British vote? Good riddance, now we can stop accomodating UK sensibilities. Also remember, when the UK wanted to join the EEC? De Gaulle sent them packing twice... [1] http://www.tagesschau.de/wirtsch…
I would go further than that, while you are absolutely right, long before we reach that point we have the "second core" of Belgium, Italy and Spain, none of which are actually leaving anytime soon. Can add Portugal, Austria and Luxembourg as a "sure takers" third wave.
The EU membership will most likely come with a change of currency, which means leaving the BoE for the ECB. Given the ECB's track record and it's inability to do what a central bank ought to do - protect banks from bank runs, devalue, etc. - I believe that it's suicidal. The QE was was a joke. Surplus recycling is nowhere to be found in the European Union, vis-a-vis Germany Scotland will have deficit, hence it's doom…
European countries (except UK, DK, SE) need to join the Euro but not right away. Many aren't there yet. In Scotland's case it can remain in a currency union with the UK until they are ready to join the Euro. Ireland was in a currency union with the UK after independence. It's not an exotic relationship, especially with economies so intertwined.