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Ex-FinMin for Greece Varoufakis advises Scotland PM to join EU with own currency if Brexit happens

Scottish PM ‘big mistake’ for planning to remain in sterling while trying to secede from UK, says Varoufakis

Newsroom March 14 11:10

Former Greek Finance Minister Yianis Varoufakis said in an interview to the ‘Times’, Sunday that Scottish PM Alex Salmond made a ‘big mistake’ by calling for independence of Scotland, while instating that Scotland would continue to use sterling as its currency. Varoufakis, the key negotiator with Greece’s the EU, said that if the UK decided to leave the EU in the summer referendum the Scots should seek to join the EU without adopting the Euro currency in order to avoid the fate of Greece. In the interview to the ’Sunday Times’, entitled ‘Salmond’s ‘big mistake’’, the self-proclaimed erratic Marxist said that Greece did h not have its own currency in order to disentangle from the Eurozone. ‘Exit means a new currency and the moment you announce this Armagedon comes, it is not something you do overnight, it needs time’, said Varoufakis.

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