News in Scotland - Monday

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SNP position on Europe supported by UK government's own expert

Scottish News: News in Scotland - Monday

SCOTLAND

Scottish independence: UK government’s expert backs SNP position on Europe
A leading expert on international law, who advises the UK government, has backed up the Scottish Government’s position that an independent Scotland will remain in the EU, and membership of other international bodies such as the UN would be “straightforward”. Speaking on BBC’s Good Morning Scotland programme Professor James Crawford of the University of Cambridge said “ Scotland complies with the Acquis now” and membership will come “as a matter of negotiation” from within the EU.

Scottish independence: keeping sterling best option, claims Salmond advisors
Alex Salmond#s economic advisors have recommended retaining sterling as Scotland's currency "immediately" after independence. The report concludes: “In our view, it would be in Scotland’s interests to retain sterling immediately post-independence,”. The risk with this strategy is that an independent England could use quantitative easing to buy up Scottish assets cheaply thus stripping economic decision out of Scotland.

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Salmond welcomes year of snake
First Minister Alex Salmond has reiterated the bond of friendship between Scotland and China as Chinese usher in new year. Exports to China have raised £605 million for the Scottish economy said the SNP leader. Mr Salmond said: “As we welcome the year of the snake, I would like to extend my best wishes to the people of China."

RBS chief gets bonus days after £391m fraud fine
The chief executive of Royal Bank of Scotland (RBS), Stephen Hester, is to be rewarded with a bonus of £800,000 days after the bank was fined £391mn for rigging the Libor (London Interbank Offered Rate) benchmark. The fines will be picked up by the taxpayer which owns 81 percent of the bank. LibDem peer, Lord Oakeshott, denounced the payment saying: “It is wholly unacceptable that Hester should receive a bonus for 2010 when these scandals were still going on."

Pope Benedict XVI in shock resignation
Pope Benedict XVI, 85, has surprised the Catholic world by announcing he will quit on February 28. According to the Vatican the pope was unable to continue in office owing to his age and declining health. The papacy Until a successor is elected the papacy will be vacant.

China leapfrogs US in world trade
China is now the largest trading nation in the world according to official figures. Chinese officials said the combined total for imports and exports in goods reached $3.87tn (£2.4tn) in 2012, surpassed the $3.82tn trade in goods registered by the US commerce department. The US economy is still twice the size of the Chinese economy which is dependent on external markets for its products whereas the US has a stronger domestic market.

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published this page in News 2013-02-11 17:15:12 +0000