“Are the Scots more the Greeks or Germans? I couldn’t possibly say.”

“It’s starting”, is it?  [Whatever ‘it’ is – Ed].  The Guardian’s Michael White spots a flaw in Alex Salmond’s cunning plan.  [Does it involve turnips? – Ed]  Neeps.  From the Guardian Politics Blog

The SNP and the Tory Eurosceptics have much in common – and I don’t mean that as a compliment, decent people though so many of them are. The obvious tactic they currently share, apart from national chauvinism as a panacea for deeper problems, is the three-choice referendum option to gloss over electoral weakness and the important obfuscation that the SNP proposes.

What’s that, you ask? If you’re English, you probably haven’t noticed, and if you’re Scottish the first minister won’t have drawn the problem to your attention in his stirring speech to the SNP’s annual conference in Inverness on Saturday. But today’s “wake up, Britain” editorial in the Guardian has spotted the problem, I’m glad to see.

It is this. In proposing that an independent Scotland would retain sterling until it was ready to join the eurozone (that assumes there will still be a eurozone), the SNP is asking Scots to support a monetary union with England (that assumes the English would want one) without a fiscal union.

That is precisely the model that has got the austere Germans and the laid-back Greeks – not to mention most of the zone’s 17 member states – angry with each other in a crisis far from being resolved.

Read the whole thing.

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