![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/scotland-and-the-rules-of-euro-engagement/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/98981490_scotlandeuflagsafp.jpg&description=Image source, AFPAs the SNP looks to a future in Europe, the European Commission is proposing reforms to rules which are vital to conditions of joining.It is admitting that the borrowing limits are inflexible and enforcement of them is poor. It could be good for Scotland's application if the rules are more flexible. As things stand, the country is far from complying with them. However, the limits haven't changed, and Brussels wants to ensure they are properly policed.Brexit has done nothing to improve the quality of the word soup concocted at the European Commission in Brussels:"The Commission's orientations seek to create a more transparent, simpler and integrated architecture for macro-fiscal surveillance to better deliver on the objectives of ensuring debt sustainability and promoting sustainable growth."That's merely the simplified bit, after nearly three years of consultation on the Commission's proposal that reform is needed to the fiscal rules for government borrowing under which EU members have to operate.If Britain were still a member, the demands placed on governments to comply with Brussels requirements would have become a major issue.But it's not. So why should we care? Well, the debate about Scottish independence has a lot to do with a) how fast a newly independent Scotland could join the trading bloc as a new member and b) what it would have to do to comply with the economic rules.Image source, Getty ImagesImage caption, Scotland voted to stay in the UK by 55% to 45% in the 2014 independence referendumThat debate has moved on since 2014 and the referendum. London's objections would no longer be a problem for an independent Scotland joining the EU, and the government in Madrid might be less likely to perceive worrying parallels with Catalonia.In recent days, this debate has focused on whether Holyrood would have to commit to joining the euro. And if not a full commitment for a rapid embrace of the single currency, then how long could that be put off? In){kind=link}
Brexit has done nothing to improve the quality of the word soup concocted at the European Commission in Brussels:
“The Commission’s orientations seek to create a more transparent, simpler and integrated architecture for macro-fiscal surveillance to better deliver on the objectives of ensuring debt sustainability and promoting sustainable growth.”
That’s merely the simplified bit, after nearly three years of consultation on the Commission’s proposal that reform is needed to the fiscal rules for government borrowing under which EU members have to operate.
If Britain were still a member, the demands placed on governments to comply with Brussels requirements would have become a major issue.
But it’s not. So why should we care? Well, the debate about Scottish independence has a lot to do with a) how fast a newly independent Scotland could join the trading bloc as a new member and b) what it would have to do to comply with the economic rules.