Saturday, 14 January 2012 06:25
'The UK government has warned Scottish authorities that an independent Scotland would not be able to keep the pound as its currency, according to media reports.
The warning has been made by the Chancellor George Osborne, who said Scotland's first minister would have to make transparent his plans for the currency of an independent Scotland in case it left the United Kingdom, said the reports.
"Alex Salmond has said Scotland should join the euro that means giving up the pound, joining the euro, that is not the currency I'd be wanting to join at a time like this," Osborne said.'
Read more: Britain Warns Scotland About Currency
Saturday, 14 January 2012 06:17
'According to French government sources, the ratings agency has downgraded the country's Triple-A credit rating, while downgrading Italy and Spain's ratings as well.
However, the agency has spared other European nations such as Germany, Belgium, Luxemburg, and the Netherlands. Meanwhile, US stocks have dropped over the recent EU concerns, while European shares also fell by more than one percent.'
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