Originally posted by jrmcleod
Thats presuming Scotland were in the same state as England if we were independent. You cant assume to think RBS and HBOS would fail in a circumstance
that is pure speculation.
Every bank in the world was exposed to some degree to the calamity that was the 2007/2008 credit crunch, so it is foolish to assume they
wouldn't be in the "same state". Scotland simply could not have afforded to bail out those Banks. The GDP of Scotland in 2009 was a mere
£143 Billion, nowhere near large enough to absorb the losses of RBS and HBOS or save them from collapse.
reply to post by jrmcleod
Like I said, I've done this argument to death over the years with anti-English scots (some in my family too!) and the figures simply do not bare this
out.
Go ahead and look up the figures for yourself. We bailed you guys out in 1707 and English tax money has flowed North for generations. North Sea oil
has only been around since the 1970's and, apart from not all being Scottish, has not generated anywhere near the amount of money you think it has.
Go ahead, tally up the entire money generated from Scotland as an entity, including corp and income taxes, then see how much Scotland spends.
All this fanciful nonsense that Scotland would be a powerhouse and England would dwindle is simply that, nonsense. Both are stronger together, but
alone England is in a far better position to survive that Scotland ever will be. Alex Salmond and the SNP will destroy Scotland if independance is
gained, mark my words.
Hate the EU now? Just you wait. They will eat you for breakfast.
And, there is no guarantee Scotland would even be in the EU (EU Comissioner has said as much) as it is the UK which holds the membership. Now, this
might sound quite nice, "freedom" from England and the EU in one fell swoop? I think you'll find the world a harsh place indeed.