News for hackers. Stuff that matters.

A comment on Scotland to seek second independence referendum. Parent comment

Re:Scotland to seek second independence referendum by pjc50 on Monday March 13, 2017 @09:52AM (#13857796)
> would likley be forced to strongly discourage the use of the UK pound to maintain fiscal control

Do you mean "monetary control"? What do you mean by "strongly discourage"? Forced by whom, or by circumstances?

[ Parent | on HN ]
Re:Scotland to seek second independence referendum by RobertoG on Monday March 13, 2017 @10:21AM (#13857986)
To allow other countries to decide you monetary policy is courting disaster.

"strongly discourage" is as easy as not accepting payment tax in pounds.

[ Parent | on HN ]
Re:Scotland to seek second independence referendum by krona on Monday March 13, 2017 @10:11AM (#13857921)
> Forced by whom

Forced by currency speculators. New currencies are always strained, and given an independent Scotland would be close to bankruptcy anyway, a fully-pegged currency would be (how do I say this) difficult.

[ Parent | on HN ]
Re:Scotland to seek second independence referendum by vidarh on Monday March 13, 2017 @10:30AM (#13858060)
You're talking pegging, but my earlier comment was about keeping GBP as the official currency. The two are separate options.
[ Parent | on HN ]