Salmond Says Forcing Scotland to Drop Pound to Hurt U.K.
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Scottish First Minister Alex Salmond disputed the argument of U.K. ministers that an independent Scotland would lose the pound, saying businesses in the rest of the U.K. would forbid something that drove up transaction costs.
Salmond was responding to a series of attacks on the independence campaign over the last 10 days, including a speech from Chancellor of the Exchequer George Osborne on Feb. 13 ruling out currency union. European Commission President Jose Barroso said yesterday it would be “extremely difficult, if not impossible” for Scotland to join the European Union.