An Independent Scotland in this recession

Posted:
Thu Oct 16, 2008 11:13 pm
by Govangirl
Just wondering how an independent Scotland would cope with the current banking disaster. The final paragraph of this article is stark and shocking - is it true?
http://news.scotsman.com/opinion/-What- ... 4583396.jpOne cannot avoid comparisons with Norway and Iceland, both in financial straits.
Re: An Independent Scotland in this recession

Posted:
Fri Oct 17, 2008 1:13 am
by Coxy
[quote="Govangirl"]Just wondering how an independent Scotland would cope with the current banking disaster. The final paragraph of this article is stark and shocking - is it true?
Banking disaster indeed, and we will all suffer Govan Girl. The "final paragraph", is Hypothetic but you are right, how would we cope alone? Luckily for us, the said banks are International and indeed Global.
'Maybe not the right time to go it alone'???

Re: An Independent Scotland in this recession

Posted:
Fri Oct 17, 2008 8:56 am
by Wee Toon Ajax
Govangirl wrote:One cannot avoid comparisons with Norway and Iceland, both in financial straits.
And what comparisons wiht Norway would that be, last time I looked Norway was in a far far better financial position than the UK at moment and will be for the coming years.
Re: An Independent Scotland in this recession

Posted:
Fri Oct 17, 2008 1:36 pm
by Hume
Exactly, no comparision at all WTA - Norway could have bought Britain's eight largest banks outright from their reserves, unlike Gordon 'look I've saved the world from disaster' Brown who has simply borrowed the money to shore up the banks. That's right, he has overseen growth in the economy over ten years, which is built on debt then to 'fix' it he borrows more!
The UK has NO reserves, it is skint, as it the US so clearly a county's size does not itself provide immunity.
No-one can honestly say how an independent Scotland would have faired in the current climate, and it is complete rubbish for Brown who is supposed to be the leader of all parts of the UK to come out and give it 'you are only still here due to the strength of the union' Patronising clown!
Two days of rising stockmarkets and he thinks he is a hero, four days on and we are back to where we were.
Don't be fooled!
Coxy - I don't want us to pick and choose when the optimal time to become independnt would be - its not about getting what we can from a breakaway but having the right and ability to make choices and decisions for ourselves. The right time is now, as it always has been.
No longer speaking to just Coxy - ask yourself, how many other countries in the world vote for one Government and get another? No many, Zimbabwe maybe?
England is one - England I believe elected more Tory MPs than Labour MP's at the last Westminster election but got stuck with Labour, now we have an SNP Government in Edinburgh but still Labour call the (large) shots. Lets get rid of them and lest get rid of the outdated and unfair Union.
Im not saying relations are bad between Scotland and the other countries in the Union but I believe they would be enhanced rather than diminished post Independence as a lot of people would lose the chip on their shoulder about the Union.