Salmond’s claims over an independent Scotland is looking fishy.
First let me point out that I’m a unionist, I personally feel the UK works better, than a reduced UK and an independent Scotland would.
However, partisanship is not the way to look at an issue which may have grave consequences for a smaller UK, but more importantly an independent Scotland.
The SNP’s position has changed, originally the SNP argued that an independent Scotland’s destiny lay within the Eurozone, however quite understandably given the crisis of the Eurozone the SNP now argues it believes that Scotland would be better to keep Stirling (it should also be pointed out, that the Stirling is much more popular in Scotland than the Euro, which may go some way to explain the SNP’s decision to do an about turn.).
However Salmond & the SNP’s claim that Scotland is entitled to keep Stirling has been questioned, if an independent Scotland wished to join the EU (which the SNP says they do) Scotland would be treated as an accession state – not a successor state, as the SNP’s own legal advice (which Salmond tried to suppress) has said: “Scotland is only part of the EU by virtue of the UK’s membership. If Scotland were to leave, it would not automatically assume membership of the EU”. I must point out that Salmond’s Scotland would be entitled to try and negotiate an opt-out of the Euro, however Scotland would be a very small country in the EU, and the EU’s increasing appetite is for closer integration (both fiscal and political) – a new, obstinate member wouldn’t be welcomed to the table, let alone tolerated. “EU law would require negotiation of the terms of an independent Scotland’s membership of the EU since the treaties do not provide for an increase in the number of member states other than by treaty amendment.” This process, as everything is with the EU, is long and protracted, it could take several years before Scotland could become a member of the EU, most likely between two and three years. That’s two-three years with no trade agreements etc, and no access to the common market, it would also see the withdrawal of EU funding. Salmond has dismissed the legal advice as “a silly answer for a silly question”.
Moving on to the SNP’s claim that it can keep Sterling. Sterling is controlled by the Bank of England, the UK’s independent central bank, Scotland would only be able to use Sterling if the Bank of England agreed, it is not Scotland’s automatic right. However, more importantly is what Scotland keeping Sterling would mean to Scotland: a foreign nation would have some control over an independent countries monetary policies and facilities. Scottish borrowing and interest rates would be set by the Bank of England, Scotland would have full spending & taxing powers – but this option sounds like “devo-max” rather than actual independence. One thing is for certain, Scotland, with fewer people & a smaller economy than the remaining part of the UK would have much higher interest rates on it’s borrowing than the UK.