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Topic - Mark Carney talks on Scottish Independence

Bjartur i Sumarhus on 29 Jan 2014
http://www.theguardian.com/politics/2014/jan/29/independent-scotland-cede-sovereignty-currency-union...

Intersting. Particularly this point

"Losing control over its currency exchange rates would likely mean that Scotland's public spending, wage levels and employment would be the first to suffer if there were any economic shocks.

In turn, parliaments and voters in the rest of the UK would also have to agree to backing up Scotland financially by bailing it out during a crisis that, he said, would be a political decision beyond his authority as governor of the Bank of England."

How would that work? The usual time line for economic shocks goes something like Day 1 9am...everything is ok.Day 1 9.05am..FCK EVERYTHING IS NOT OK

How long to get a referendum together with the rUK public on shall we help out?

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