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[quote][i]Originally posted by luciaadr[/i] [quote][i]Originally posted by Hammer[/i] The Bank of England is an asset, the National Debt is a liability. You can't remove the right to use the Sterling currency and still expect Scotland to pick up its fair share of the debt. It can't logically work like that so they're going to have to come up with some other argument. [/quote] You aren't using asset and liability in the same context here. Its only an asset in that its an established currency, its not a pot if gold (ie the opposite of the debt). Only so many years ago AS was saying the pound was holding Scotland back. Would it have been described as an "asset" then? Scotland cant shirk off their share of the national debt, as when they need to borrow money, and they will, effectively defaulting on a debt will not go in their favour at all on the money markets. [/quote]
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