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Saying NO to Currency Union certainly won't be a shame for the rUK but it may well upset Mr Salmond - after all, he repeatedly refuses to come up with a currency Plan B even in the face of a very loud negative answer from various sectors of the entity he needs to agree to such.
he repeatedly refuses to come up with a currency Plan B
No he doesn't. The independent Fiscal Commission recommended a currency union, but also covered various other options B, C, D and E.
This isn't Alex Salmond making stuff up on his chuff, there were several Nobel winning economists analysing this to come up with the recommendations.
Ben he's flip flopped from euro to CU to sterlingisation. Embarrassing that a proud nation is now relying on sterlingisation and the threat of a technical default. You must be paid a lot as a pro economist to put your name to such bllx.
Indeed they did Ben. But they didn't say which was which.The independent Fiscal Commission recommended a currency union, but also covered various other options B, C, D and E
AS needs to be clear which one is B. And what the implications for the country might be.
Ben, in a lengthy report, which option did the FC dismiss in one paragraph?
Shush, I'm watching the debate - hope everyone else is too...
There will be no currency union and if they don't take the debt then an equivalent amount of assets will be withheld Zzzzzzzzzzzzzzzz
That Alex Salmond doesn't like answering questions, does he?
The debate is predictably a load of point scoring pish.
This just about sums it up https://mobile.twitter.com/PeterKGeoghegan/status/503987940788539392
I think I'd vote for that Darling chap. He seems quite the most sensible politician I've seen on the telly for a while.
I am finding Alex salmand a rude and overbearing individual who doesn't like to answer questions. Alastair darling isn't great but at least he isn't doing much cheap point scoring......
Offft, darling is getting slapped about the stage here!
This is certainly very different to the last debate - I give it 20 minutes until Darling loses it completely.
I agree piemonster these debates could have been a lot better, I think agreeing on questions beforehand would have been better so that proper researched answers could have been given. The one-on-one format suits presidential elections rather than referendums as no one is voting for the person in the debate, maybe a panel would have been a better alternative.
Just turned the TV off. Fed up of the consistent rude talking over each other. Disappointing really Can't even hear the valid points made on either side.
Salmond is the worse, can't believe the sheer arrogance.
Worse than the house of commons.
The "host" bloke should have controlled the debate, it ended up with both of them just talking over each other.
Worse than the house of commons.
Yeah, why can't people agree instead of always arguing ? Disgraceful.
Salmond won that one then.
won? He had darling on puppet strings.wanmankylung - Member
Salmond won that one then.
Aye, that was a much better debate for Salmond.
Missed the start but tuned in later. Couldn't watch more than 5 minutes of it. Talking over each other and way too much of an echo in the venue. Poor chairing and a poor venue.
[quote=seosamh77 ]
.won? He had darling on puppet strings.wanmankylung - Member
Salmond won that one then
David Cameron handed them over?
It's interesting to see that it's only the No side who are complaining about the moderating, the venue, the format.
It's interesting to see that it's only the No side who are complaining about the moderating, the venue, the format.
Quite the negative bunch 😉
Didn't Darling, like many other Westminster politicians vote for the Iraq war?
That dude's point about Oil and war was pretty nifty...
Salmond had Darling where he wanted him... but only on minor points.
The "what three employment generating powers will westminster hand over" stuff was pitiful.
It's interesting to see that it's only the No side who are complaining about the moderating, the venue, the format.
I'm firmly in the Yes camp but it was really poor. Flatmate is undecided and he thought the same. It useless when you can't hear what they're saying due to the echo and the over talking.
Again I say not a good format for a referendum vote but better than nothing 😥
The Guardian's snap poll of 500 people has Salmond winning that by 71% to 29%.
So he pumped Darling then.
I guess that makes it a draw regarding the face offs. It will be interesting to see if there is any shift in the polls and based on the lack of content I would hope not.
I guess that makes it a draw regarding the face offs. It will be interesting to see if there is any shift in the polls and based on the lack of content I would hope not.
Well after the last debate, which Salmond arguably lost, Yes went up in the polls. So I wonder what'll happen to the polls after tonight?
TBH - I couldn't imagine anyone changing their minds on the strength of those debates, they're both just playing to the already decided for a bit of bias confirmation
What was the outcome of the debate other than currency still undecided?
Salmond done a lot better tonight. He destroyed Darling in the cross examination section. Darling was flustered right from the start, he even had to read opening speech from his notes. Thought it was a better debate overall compared to the first one, but honestly can't say there were anything from either to bring the debate on any.
What was the outcome of the debate other than currency still undecided?
AS: Currency union is best for Scotland, best for rUK. Outlined Euro, no currency union, and separate currency, but only discussed Scotland's future in terms of currency union and as such failed to acknowledge there might be issues if there was to be no currency union.
AD: Currency union only works with political union, all other options are a poor second best. Failed/refused to answer what Scotland's best option would be in case of no currency union.
If I was thinking purely with my heart I reckon Salmond came out on top, but my head says there were still too many duff/non-answers to persuade me to think of a Yes.
There was also the dangerous rhetoric of "no currency union, no debt liability" from Salmond, which I think is an extremely stupid game to play.
I've also not managed to find an answer to the following question:
If Scotland is going to default on its 10% of UK debt if no currency union is allowed, then it follows that the Bank of England is only on the hook for 10% of Scotland's potential financial woes if a currency union is allowed. Where's the other 90% coming from?
So Salmon will take his 'mandate' of 5 million Scots into negotiations over Scotland's future currency. How does that compare to rUk's mandate of 58million? Walk away from debt, really ??? Try it, then try borrowing money, don't think that's going to fly. Is this the basis for Scotland's future? Really?
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The walking away from debt thing is like like forming a divorce settlement. If she gets the house, car and everything in the house she can take the credit card bills too.... Is that not fair?
Darling was flustered right from the start, he even had to read opening speech from his notes.
Salmond also read his opening speech from his notes.
The walking away from debt thing is like like forming a divorce settlement. If she gets the house, car and everything in the house she can take the credit card bills too.... Is that not fair?
Totally fair. But independence is not like divorce. You can't just move to another town and start afresh, lying about your past. Defaulting on a sovereign debt lays out your worth for all to see. Don't worry about rUK; they can foot the bill if needs be. But a newly independent Scotland testing the waters of international bond markets with no central bank and a blasé attitude to debt repayments? Good luck with that.
No Wan. It is more like we built up a debt together and you should pay your share and I am not going to bail you out should you get into debt after we divorce. 1 second after independnece is declared Scotland is no longer paying tax to the UK so it should not expect the UK to be lender of last resort.
Salmond wants devo-max leading to independence and if the Scots want independence I say miss out the middle step and go for it in a couple of weeks.
The currency options for an independent Scotland don't look good do they?
Salmond is clutching at straws with the whole 'we won't pay the national debt' card. If that's his attempt at starting negotiations then frankly is smacked of pure desperation.
Thing is though, if Scotland do go independent, the rest of the UK is holding almost all of the trump cards around the negotiating table. Scotland (as by far the smaller, weaker party in any post YES vote negotiations) will almost surely come out with a bad deal, a very bad deal. That's the reality I'm afraid.
The walking away from debt thing is like like forming a divorce settlement. If she gets the house, car and everything in the house she can take the credit card bills too.... Is that not fair?
Yeah, that's exactly how the financial markets will see it ......... 😉
Double post