Scotland would, of course, be able to use any currency they liked, it's just that they will have no Lender of Last Resort whatever they use, so their economy will be pegged to someone else's & likely be uncompetitive.This is unless of course, on independence, Scotland sets up a Central Bank with LoLR powers. Which you would think is a given, unless you wanted to be a satellite state with no credit rating.It's reasonably academic anyway, as given the fervent dream of the SNP to leave the UK and join the EU, Scotland would be using the Euro as soon as they joined anyway. That is should they meet the economic accession criteria, which they currently don't, and should Spain & other countries with wannabe breakaway states, tolerate their joining, which they won't.But apart from all that...
Mark Warburton ● 1543d