Would the euro be good for Scotland?
No issue more clearly illustrates the irrelevance of independence in the modern world than the question of national currency.
Even the SNP have conceded that Scotland cannot have its own currency; a separate Scotland would have its interest rates set either in London – if sterling remains our currency of choice – or in Brussels, if we join the euro.
But the fact is that an independent Scotland asking, cap in hand, to be re-admitted to the European Union after leaving the UK – and therefore the EU – would have no choice but to adopt that respected and admired colossus of the international finance – the euro – as its currency.
So, come on all ye cybernats, let’s see your answers to Number 4 in our series, Questions to which the answer is “Er…”
In what way would Scotland be better off in the euro, with interest rates set in Brussels rather than London?