With regard to the article about Scottish independence (4 September), starting from an “undecided” view, I believe I am qualified to comment.
The vote this month, if going for independence, has 18 months to agree a number of things, including currency. So ignore your overnight panics. Also, Scotland is hardly a backward or on the brink of collapse, so ignore your comments on Greece and the Czech Republic.
Whether banks introduce ATM fees or not has no direct relation to the currency. There are various charging practices with euro states. So ignore that. Sovereign debt and currency will be played off against each other. No currency union, you keep the debt. No debt, I think we may be looked upon more favourably than Greece were we to adopt our own currency.
Mark Carney has said the Bank of England will stand behind Scotland during the transition period. Could it be he may be involved in the currency negotiations and may not be as convinced as some that the outcome will be divorce?
Whichever, I believe Scotland will unite behind the decision and continue its tradition of making the best of the hand it is dealt.
Stephen James
Divisional manager Scotland
Charles Derby Financial Services
Edinburgh
