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If a smaller country does not have an independent currency, how much independence do they have?

Smaller countries means more borders where movement of goods or people can be tracked (papers please).

Smaller countries have less resources to defend themselves from multinational lawsuits enabled by free-trade agreements.



Plenty of independence. Panama, for example, does not have an independent currency, has significant 'independence', and has one of the fastest-growing economies in Latin America (and beyond).


Would the downvoters please have the courtesy to leave a comment explaining their point of view?


I didn't downvote you, but I'll voice a similar concern. In my case, influenced particularly by observation and commentary from Paul Krugman. Who's been pointing out the role of adoption of the Euro in what's been playing out in Europe for some years, now.

Currency seems to be a large, unanswered question -- or rather, concern -- in the Scottish initiative.


This is the kind of debate you gey with independence topics. It's an emotional topic, not a rational one.




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