Thus saith the Lord God of Abraham Isaac and Jacob
This scenario is mere speculation of what could happen; not saying it would; if Scotland became independent and joined the EU, if it met the EU's criteria for membership.
For arguments sake let us say that Scotland had a referendum in the future and became independent. It therefore applied to joined the EU and succeed in its application and was able to contribute to the EU's central fund that part of its G.D.P. that the EU required of it. In return it got a rebate and other benefits. But except for foreign investment and trade that rebate was suddenly cancelled and the benefits stopped what effect would that have on Scotland’s economy and Government for the rebate and the benefits are dependent on the EU's economic prosperity and if that declined it would have to stop all rebates and benefits. Also what if for some reason in the future Scotland fell into the same position as say Greece where it had to borrow from the EU and the I.M.F. and they implemented austerity measures equal to that say of Greece and it defaulted on its balance of payments because its economy couldn't afford to pay the due repayment and Scotland had to give up some of its or all of its assets. Who then would legally own Scotland? Also what would be the British Monarchies position in that scenario. The last question would have to be the UK's government’s position if that happened and would the UK bail out or be forced to bail out Scotland.
This is the Word of the Lord to thee.
From the prophet of the Lord.
This scenario is mere speculation of what could happen; not saying it would; if Scotland became independent and joined the EU, if it met the EU's criteria for membership.
For arguments sake let us say that Scotland had a referendum in the future and became independent. It therefore applied to joined the EU and succeed in its application and was able to contribute to the EU's central fund that part of its G.D.P. that the EU required of it. In return it got a rebate and other benefits. But except for foreign investment and trade that rebate was suddenly cancelled and the benefits stopped what effect would that have on Scotland’s economy and Government for the rebate and the benefits are dependent on the EU's economic prosperity and if that declined it would have to stop all rebates and benefits. Also what if for some reason in the future Scotland fell into the same position as say Greece where it had to borrow from the EU and the I.M.F. and they implemented austerity measures equal to that say of Greece and it defaulted on its balance of payments because its economy couldn't afford to pay the due repayment and Scotland had to give up some of its or all of its assets. Who then would legally own Scotland? Also what would be the British Monarchies position in that scenario. The last question would have to be the UK's government’s position if that happened and would the UK bail out or be forced to bail out Scotland.
This is the Word of the Lord to thee.
From the prophet of the Lord.
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