Wednesday, 19 June 2013
A Return To The Groat?
There was an interesting article in the Scottish Review yesterday - "Scotland needs to escape from the chains of sterling".
As I have little knowledge of monetary systems, I wonder if the writer's suggestion would be feasible in an independent Scotland.
However he does sum up the current situation neatly:
The financial crisis however is not moving on, indeed is getting worse. The US dollar has lost most of its post-war credibility, the euro experiment is an all-round disaster and the parlous state of sterling is obscured by the labyrinth of smoke and mirrors which is the City of London.