Osbourne says no to currency union.

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.

wanmankylung – Member
Salmond won that one then.

won? He had darling on puppet strings.

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.

.won? He had darling on puppet strings.
[/quote]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?

😀

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

Yeah, that’s exactly how the financial markets will see it ………

Oh sorry – I made the mistake of looking at it from a moral perspective.

How do you have a moral perspective over holding a potentially foreign country to ransom over accepting a currency union?

Yeah, big mistake. If only the world was perfect eh!

Explain to me why we should take a share of your countries liabilities when you wont give my country our share of our assets?

Oh sorry – I made the mistake of looking at it from a moral perspective.

Explain to me why we should take a share of your countries liabilities when you wont give my country our share of our assets?

We will, nobody has suggested we will not give you a fair share of the assets.

The problem seems to be that you have somehow deceived yourself into thinking that entering into a currency union constitutes giving you a share of an asset, it doesn’t, and there appears to be no credible economists in the world who would interpret it as such.

After independence Scotland no longer contributes tax to the UK so should not expect UK taxpayers to potentially bail out iScotland. Can you explain why the UK should bailout an iScotland?

For the same reason as this :

http://www.bbc.co.uk/news/uk-politics-11807769

Can you explain why the UK should bailout an iScotland?

Would I be wrong in thinking that use of the BoE is like an insurance policy, in that your year’s tax receipts pay for a year’s backing? In which case no-one ever “owns” the bank, once you stop paying in you stop getting the benefits, and to claim a % stake is to misunderstand how these things work?

You know the Irish bailout was just a straight up loan? If Scotland went tits up the English would be falling over themselves to give out loans to Scotland.

They aren’t altruistic in their nature.