Anglo-Scot 'sterlingzone' must cut both ways: EU officialReported by France 24 on Monday, 25 June 2012 (on June 25, 2012)
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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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