Published October 27th, 2008 by Future Atlas
Purse strings tying up Scottish independence
The Washington Post reports that the credit crisis is being used as an argument against independence for Scotland, with suggestions that Scotland would not have been able to weather the crisis on its own.
Practical factors come into play as well: with the bank bailout by the central government, “it has not been lost on Scots that the largest shareholder in Scotland’s two largest banks is now the British government.”
The pro-independence Scottish National Party, which currently governs Scotland, contents that Scottish membership in the EU would provide the kind of assistance now provided by the central government of the UK.
The article notes that only about 25-30% of Scots favor independence.