Following the whirlwind events of this week, Scotland now appears to be closer to secession than it has ever been in the 300-year history of Great Britain. This week the first minister of the devolved Scottish Parliament set a date for the first referendum on Scottish independence in history. And according to polling, if the referendum were held today, Scots could very well vote to separate from the United Kingdom.
The discussion of secession has been hanging in the air for some time, ever since the secessionist Scottish National Party won a majority in the Scottish Parliament in 2007. But now with an independence referendum date set, discussion has turned for the first time toward the real practicalities of what a split would entail and the difficult questions it would present. Who does the oil in the UK's territorial North Sea waters belong to - Britain or Scotland? Who would be on the hook for the massive bailouts of Scotland's two banking giants in 2008? Would Scotland use the British pound, the euro, or a new Scottish pound?
Scottish First Minister Alex Salmond took the decision in response to a call from UK Prime Minster David Cameron to call a referendum, which the SNP had promised in their election, now. London knows that with the current economic crisis, Scots would be unlikely to be very brave at the polls. But Salmond balked, saying he would not take orders from London and setting a referendum date in 2014.
EU complications
Though there have been a lot questions asked in the British media today about what secession would mean, as far as I can tell not a lot of thought has gone into the EU implications of all this. Everyone has been asking whether or not Scotland would choose to use the euro. But there's a leap being made there. In order to use the euro, Scotland would have to be part of the EU. That is not up to them, it is up to the 27 member states. And there are plenty of member states with good reason to block Scotland's entry.