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ref date:14 Apr 1999 (EU)
SNP publish new figures for Independent Scotland

The figures show that the SNP expects a shortfall of about 1 billion pounds in the first year of an independent Scotland, with a modest surplus by the second year.

This being the case, Scotland would automatically be allowed to enter the system of monetary union and drop the pound, as the more enlightened Europeans already have (much to the chagrin of currency dealers).