Trigger_Andy wrote:I’m not sure which part you don’t understand? …
Evening Andy, thanks for posting back. I appreciate the links that you’ve supplied, although they are not directly related to the question I was asking, I will have a read and comment when I get a moment.
I read your comment, followed the link supplied above, and read the article.
If I could summarise the position of the article (feel free to comment if you think I have it wrong):
Pro-Independence Scottish Newspaper publishes an
opinion piece based on comments from Sir James Mirrlees (Nobel Laureate), Crawford Beveridge and Joseph Stiglitz (Nobel Laureate), all members of the Scottish Government’s Council of Economic advisors, and a spokesperson for John Swinney, Scottish Finance Secretary.
“It is hard to see how Scotland can take on the debt unless there is a full currency union” (Sir James Mirrlees)
“One would expect that if we were to bear a proportional burden of historic liabilities then we would reasonably expect a reasonable share of the assets” (Crawford Beveridge)
“The pound is as much Scotland’s pound as the rest of the UK’s, and a currency union is in the interests of both – which is why the Scottish Government proposes it, and which is why it will be agreed after a Yes vote” (Spokesperson for John Swinney, Scottish Finance Secretary).
The main thrust of the article with this in mind seems to be:
1. Scotland and the rest of the UK share “ownership” of the Pound.
2. Scotland will not accept a share of the debt of the UK unless it has a currency union with the rest of the UK.
Point One is self-evidently true.
Point Two seems to be a matter of personal opinion from a number of individuals. I can see the logic that is
implied by the comments when put together, but I don’t think it is a logical position that can stand on its merits.
I have to say that there are a number of very poor comments in this article. At best, they are poorly quoted / worded. At best, they are misleading, simplistic and somewhat confrontational.
The reason why I said that I didn’t understand was the reason for you posting the link.
I can’t see that the comment …
Trigger_Andy wrote: … England would inherit the whole of the UK Debt without a currency union. …
… is supported in an objective way by the link. Hence I was just curious as to why you posted it - as in, what was the outcome that you were looking for? (And why others seem to be doing so over the internet).
Just my 2p worth on this post and link, that is all. I do love a good debate, but I really don’t like lazy journalism, nor “spin doctors” – of any ilk (and there are just as many terrible ones on the “pro-union” side too, I will happily admit!).
(Note: I'm not implying that you are a "spin doctor" Andy, but am referring to the people in the article / author of the article)