Sunday 10 August 2014

Alex Salmond has no tenable plan for currency, says expert | Better Together

Alex Salmond has no tenable plan for currency, says expert | Better Together







"The
only realistic way to avoid the above crises outcomes of Plans A and B is to
combine political union with remaining in the sterling zone. It is only with
political union and the fiscal sharing it allows that the sterling zone is a
credible currency arrangement for Scotland, and it is only by remaining with
the rest of the UK that such an arrangement can work.



By
sticking with his notion that that the sterling monetary union is absolutely
central to the economic well-being of Scotland, Mr Salmond is therefore
actually making the case for voting No in the referendum, because it is only be
staying part of the United Kingdom that the costs to both businesses and
households in terms of their day-to-day payments and transactions are minimized
and job stability, employment and economic growth are secured and maximized."

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