Scotland would not have to join the Euro

The Myth:: Scotland would not have to join the Euro

The Truth:: We would have to. Its EU law.

In recent weeks, the snp, and subsequently, their cybernat followers are spreading the myth that we would not have to join the Euro.

This is completely untrue.

When the Maastricht and Lisbon Treaties were ratified, it was brought in that all members were required to commit to joining the Euro. Only the UK and Denmark were given permanent exemptions. All others must join. There are no opt outs for anyone as of the Lisbon Treaty.

Here's what the EU say:

“Any country that satisfies the conditions for membership can apply. These conditions are known as the ‘Copenhagen criteria’ and include a stable democracy and the rule of law, a functioning market economy and the acceptance of all EU legislation, including of the euro.”

Take note of the last 4 words of that paragraph.
Click Here For The EU Page

And on this page’s heading byline, it says:

“All EU Member States, except Denmark, are required to adopt the euro and join the euro area. To do this they must meet certain conditions known as 'convergence criteria'.”

Click Here For The EU Page

The nats claim that because some countries are not in yet, and haven’t given dates for going in, is proof that we wouldn’t have to.

This is an outright lie.

All those countries are already on the convergence path to joining, even Sweden, the nats “go to” example.

Here's the table that shows how far along each is.

As you can see, there’s no way to join the EU and not join the Eurozone and single currency. Its mandatory for all except Denmark.

So, that would mean Scotland spending 10s or 100s of billions on a Scottish currency and central bank to meet the entry criteria, only to scrap it all a few years later when joining the Euro.

Anyone who says this is wrong is a liar. The proof is above. Even Ian Blackford admitted it in a Sky News interview.