If your answer is yes, I just happen to have bridge across the Seine for an exceptional low price available just for You. :-)
There’s a lot of countries in the EU that are not using the Euro. The UK obviously was one of them. There’s also Denmark and Sweden, and a bunch of other littler ones.
After the Greek fraud of entry into the EU....there’s going to be an accounting where the books are checked out and you need to have some gold somewhere or some currency of value. Scotland has marginally the Pound, but it would be questionable how they’d fit this into the scheme of things.
The strange about this new attempt of the Scots....is that they might get independence....jump quickly to Brussels to apply for entry, and then discover that it take two to four years for the application to be approved, and find that five or six EU members are questioning their financial worthiness. So, they might actually fail to enter the EU. This would be major embarrassment for the EU and Scotland. At that point, they’d become like the Honduras of Europe....with no one interested in planting investment money or bringing a business into the country.
And you think the EU will allow an independent Scotland to get an exemption from the euro?
Or the EU refugee quota? Scotexit is not happening. No way they are trading London for Berlin.
In order to become part of the Eurozone (those nations in the EU that use the euro), you must go through a series of processes before you are allowed full involvement and participation.
(For example, a member must spend 2 years in the ERM2 process.)
Some countries still use the euro, and Scotland could do so immediately upon independence, but they are not part of the Eurozone. Both the U.K. and Denmark are exempt from moving toward the euro based on the treaties that brought them into the EU.
Absolutely correct. The premise is laughable. Britain was given an exemption from the Euro because its economy is one of the largest in the world. The only reason Scotland would even be floated the idea of its own currency (or currency preference) would be to entice them embarrass the rest of the UK with a Leave (UK) vote. The offer could never be serious without every debtor country in Europe demanding the same.