It would be a complete disaster. They will lose their membership in the EU and their currency will not have any backing at all. Imagine you have your home mortgage in pounds and then you have to pay it in a new, unbacked currency. It could double or even triple as the new currency fluctuates in the world market. No, if emotions rule on this one, Scotland will become a financially destitute, independent nation, overnight.
Scottish Independence: Yay or Nay?
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It would be a complete disaster. They will lose their membership in the EU and their currency will not have any backing at all. Imagine you have your home mortgage in pounds and then you have to pay it in a new, unbacked currency. It could double or even triple as the new currency fluctuates in the world market. No, if emotions rule on this one, Scotland will become a financially destitute, independent nation, overnight.
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VirgilManly
9 years ago
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Haggis will be their currency.