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 falsedan on Monday March 13, 2017 @11:59AM (#13858933)
> the European Central Bank doesn't act as a lender of last resort for individual banks

I do think they'd buy independent Scottish treasury bonds & then the independent Scottish government can use the proceeds for emergency lending. Isn't this how the German banks are covered?

[ Parent | on HN ]
Re:Scotland to seek second independence referendum by cmdkeen on Monday March 13, 2017 @12:15PM (#13859120)
If Scotland were in the Eurozone yes. Getting them to do that while applying to join, while also potentially giving none too subtle nods and winks that you don't actually intend ever adopting the Euro is stretching credibility.
[ Parent | on HN ]
Re:Scotland to seek second independence referendum by falsedan on Monday March 13, 2017 @12:23PM (#13859217)
OK! I understand your point.
[ Parent | on HN ]