*sighs* So I guess we’re doing a thread.
Alex Cole-Hamilton MSP@agcolehamilton
· aza. 14
–Copenhagen Protocol’s requiring deficit of 3% (ours is 7%)
-No clear lender of last resort
-No clear currency plan
-Possible veto against our membership request
-Hard border at Coldstream. I
t’s not project fear… Linden found that out on TV last night
“-Copenhagen Protocol’s requiring deficit of 3% (ours is 7%)”
This “rule” is flexible, it’s better to see it as a recommendation.
For example Croatia joined the EU in 2013 with a deficit of 5.3% of GDP.
2019 aza. 14
For an independent Scotland with our own currency we would not be harshly punished for going above a 3% deficit anyway. Many countries have broken this rule.
“-No clear lender of last resort”
What does that even mean? When Scotland has its own currency then it will be the Scottish Central Bank that is the lender of last resort. This isn’t rocket science.
“No clear currency plan”
Well with the mechanisms of the six tests gone an independent Scotland will implement a new currency at the earliest date possible date. Since we’re a small developed country I’d say it could be implemented closer to three years than five years.
But in terms of what the “plan” is it’s pretty simple: We keep the pound for the very short term whilst transitioning to a new currency. That’s pretty clear to most people. Perhaps Alex is just a wee bit slow?
“-Possible veto against our membership request” Whilst Alex squirms at what five people and a dog say, the official position is super clear.
Spain says it will not impose veto if Scotland tries to join EU
Foreign minister says Madrid remains opposed to an independent Scotland but would not block any EU application
Anyone who claims to know for a fact what the border situation will be post-indy is lying. We can only answer this once Brexit is resolved.
If Alex gets what he wants, and the rUK stay in the EU, then there won’t be a hard border.