Scottish Independence 'Yes' Vote Is A "High Risk" Event, Citi Warns

08-24-2014 • zerohedge.com

With the so-called 'neverendum' now less than a month away, Citi continues to highlight three particular concerns if Scotland does vote for independence: Scotland's relatively weak fiscal position, Scotland's large banking system and uncertainties over the currency arrangements of an independent Scotland. The Scottish Government seems to be seeking a policy of "sterlingisation" - which even their economic advisors judge "is not likely to be a long-term solution." For now a "no" vote is most likely, however, even if the Scottish referendum does not pass, the UK political landscape is likely to remain in a state of flux.

Via Citi,

The referendum on Scottish independence will be held on September 18 this year, with a simple Yes/No vote on the question "Should Scotland be an independent country?"