As a way if comparison, when Malta wanted to get Independence from the UK, they were told almost exactly the same scare stories as the UK has recycled for Scotland... "your economy is too weak", "your defecit is too large" et al.
Those lies do not correlate at all to what transpired. I am sure that the UK had some dodgy "notional" accounts for Malta as well.
The evolution of the Maltese economy since independence
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It's a worthwhile read in this context if anybody can be bothered to download the pdf.
I did wonder why ive never heard of the Malta argument before(independence - 1964). Anyway, I did some reading on it, theres an interesting history; including the bit where UK Govt funded(call it a sweetener) Malta with significant sums of money in its first 10 years of independence. Now theres an idea - im sure Bojo would put his hand in his pocket to fund our venture....might even be the equivalent in todays money which would cover the annual 16 billion deficit for the first decade??
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