Scotlandâ„¢s First Minister Alex Salmond has warned the British government that Scotland would walk away from the UK without paying any national debt unless it was able to keep the pound currency.
In his warning, Salmond stated that he regarded sterling and the Bank of England as belongings shared between Britain and an independent Scotland.
He added that a go-it-alone Scotland would not take on any amount of the UKâ„¢s trillion-pound national debt unless the Westminster government agreed to a currency union, a move described as Å“unlikely” by British Chancellor George Osborne.
Salmondâ„¢s threat came during a speech after the launch of a Scottish Government paper underlining strengths in the countryâ„¢s economy, but stressing that growth had been damaged by UK policy decisions going back decades.
On Tuesday, Salmond insisted that a sterling zone would be “a reasonable way to proceed” and would be seen as a common-sense plan by both nations if the Scots vote Yes.
But; to back up his warning, Salmond said Scotland would not be harmed if it became independent without taking on Britainâ„¢s national debt.
BGH/MOL/HE
This article originally appeared on : Press TV