Scotland in the euro zone? Gordon Brown outlines another Brexit scenario

April 22, 2016

Gordon Brown has added one more to the already lengthy list of Brexit scenarios: an independent Scotland that could be forced to join the euro zone.

The former Labour UK prime minister said it would be “natural to worry” about another Scottish independence referendum in the event of Brexit on June 23, given Scotland is staunchly in favour of remaining part of the European Union. Former Scottish National Party Leader Alex Salmond confirmed as much in an interview on Friday.

Advocates of Scottish independence wanted to retain the sterling currency in 2014.

But Brown suggested this arrangement might be unworkable after Brexit, with an independent Scotland wanting to rejoin the European Union but using a currency dominated by an England now outside the EU.

“I think people should consider this,” Brown said at a Centre for European Reform event on Thursday, after delivering his first major speech on the Brexit debate.

“If England is outside the European Union then I think that the chances of the old proposal – that Scotland should stay part of the UK currency – would be a lot less.”

“There would be pressure … on the Scottish government to join the euro.”

Brown effectively prevented Britain from joining the euro during his 10 years as finance minister before taking the top job in 2007.

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