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Breakingviews: Scottish banks seek yes vote answers

Thursday, May 29, 2014 - 04:39

May 29 - With months to go before Scotland's referendum, Scottish banks need solutions to stop liquidity problems forming, says Breakingviews.

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Today that it is on Scotland's independence -- with me now is what they call. But the think he's joining asks could you -- -- -- the morning often if it was a yes but what -- morning -- to be life. But of course like many speculate because I'm on English unit and that this piece here has been written by tools so we have a very balanced approach on speaking is newsman it's been written by. But he he certainly hasn't seasons and -- -- -- what's it gonna look like well I think that. Schools will be ready to launch today on -- nothing that fiscal slide back to them. Get when I've wrongly that their own enemies. And says that if the -- went in favor of independence I think that the they don't -- in halting indulging in the streets and other than that the whiskey barrels in the running very quickly dry and I mentioned that the if you. Bleary eyes -- drifting down. Prince street. It's -- personal home unions want the real problems I mean. Look at the banks that Casey -- sale. Yet I mean I think it's -- the exception one of the really. One of the very few really key questions where. You know there is an issue I think -- launch in most sort of rocks and look at an independent vote. So if we get -- -- there's very -- will check it actually and I will wake up but Sunday two days -- so once that you that was -- worn off. -- will -- -- and well that's important and it's sort of cultural sense that emotional. Much changes otherwise in the way that it was struck says it doesn't at least an -- immediately much. -- but the -- you eat you -- that bad that this is one this is one very serious question which. I'm really asked some very close. Attention paid to it and -- questions who's gonna regulate them. And who's going to be the the -- of officers in an emergency that Georgia site -- and I hasten to -- this is. You know this is. -- not that scenario worst case scenario one which is a scenario -- pretty far off access but there was a possibility that -- -- You know that you've been there will be a lack of confidence in in the Scottish banks and we you know we have to -- sort of a backstop mechanisms. IDS RBS is 18% of the gains in the UK government has an 80% state that politicians have been saying. That son into the Bank of England should not be that backstop if there is an independent Scotland so what would happen would would the RBS news -- to the main event for the UK. Well I think quotes quotes them from the -- politics going on here. I knew but he on this side of the great really want to get too closely involved with this because they variable the rocks on some possible. By giving sort of on a -- four -- now might influence the outcome of the device. If -- if you want you can expect get a -- it will take care of it will be fine -- means that there's more likely to be a yes vote. Safe Vietnam veterans what we're worried about this -- so I think we can. So that a month on month on how we compete financial that you know the people who all going to be responsible for us all laying plans. But -- fentanyl but certainly built. And just really -- -- that in and really different non business to whether announced. Scots would benefit if they. -- names you know with the UK. Outside the UK. Which side you on well I think that. It's very difficult -- again this is a political question and where do what kind of assumptions to put into it. The very case of these -- facts by any means I think. Probably the London numbers. A little bit more credible the assumptions seem to be. Lex. Or sort of more and more reliable but frankly I'm partial we should be think -- these. Two personalities. These times because. It's it's it's a difficult. It's a very out the same an acceptable level what will happen. Why thank you -- until other cold -- from breaking these bikinis today focusing on nine a potential independent Scotland and what that might mean. I'm -- along this is --

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Breakingviews: Scottish banks seek yes vote answers

Thursday, May 29, 2014 - 04:39