I'm a bit confused by some things that were mentioned in FM's question time this week.
1st the Sterling Zone and 2nd the EU debacle:-
Alex Salmond defended his assertions on retaining sterling, membership of the EU and NATO in the event of an independent Scotland, during first minister's question time on 1 November 2012.
Scottish Labour leader Johann Lamont attacked the first minister for insisting Scotland would retain the pound if independent, without having spoken to the Bank of England or the treasury about the issue.
Ms Lamont said Mr Salmond asserted an independent Scotland would become a member of the EU without having to apply, although he had not spoken to other member states or sought legal advice.
She added the first minister had said Scotland would not have the Euro despite not asking anyone about it and went on to say, given these assertions, "what will the weather be like in an independent Scotland?"
Mr Salmond hit back saying the secretary of state for Scotland had said there was "no legal bar" to Scotland having sterling as its currency, which would suit the rest of the UK too, who would be "biting our hands off" for Scotland to retain Sterling.
He went on to cite Graham Avery, an Honorary Director General of the European Commission, who has said he believed an independent Scotland would not need to apply for EU membership, as Scots had acquired rights as EU citizens over the past 40 years.
Here's a link to
Graham Avery's notehttp://www.publications.parliament.uk/pa/cm201213/cmselect/cmfaff/writev/643/m05.htm
And then I came across this:-http://www.publications.parliament.uk/pa/cm201213/cmselect/cmfaff/uc643-i/uc64301.htm
Who's right? And what is a sterling zone and what are the implications?