money money money

Britain faces a period of severe economic turbulence if Scotland votes for independence next week, economists warned on Friday, as the prospect of a Yes vote threatened a new financial crisis.

William Keegan: Alex Salmond is pinning his hopes on monetary union with the UK – but political independence has landed the euro countries in a grim collective plight (sharing #suaju Monetary union for Scotland?

For the banks, insurers and fund managers that thrived and survived in Edinburgh through war and recession for two centuries, a whole new challenge is looming.

A "new wave of painful austerity" (Goldman Sachs: Scottish independence could trigger a Eurozone-style financial crisis http://t.co/dQaI5scUHC)

Scottish independence officially ended in 1707 when the cash-strapped country accepted a full union with England after a disastrous scheme tried to colonize the Gulf of Darién in central America. Scotland had long been sliding towards incorporation with its larger neighbor to the south, having fought fierce independence wars with England in the Middle Ages, but this was the final nail.