Anglo-Scot 'sterlingzone' must cut both ways: EU officialReported by France 24 on Monday, 25 June 2012 (on June 25, 2012)
England would need to grant Scotland oversight powers over London budgets and taxes if an independence referendum leads to a new "sterlingzone" currency union, a top eurozone official said.
"If you had a 'sterlingzone' of England and Scotland, you'd need probably a joint process of scrutiny of budget plans -- so that Scotland [too] could veto aspects of the English budget," leading European Union official Thomas Wieser told AFP in an interview.
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