It says there should be a Macroeconomic Governance Committee, in which the economic institutions of Scotland and the rest of the UK would co-ordinate policy.

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It should be 4, 000 maximum, then you take the rest and with that money you create a social security net.

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But I'm keeping my fingers crossed for a smaller player, perhaps a company like Asus, to show the rest of the world how it should be done.

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This suggests that it would be sensible to draw up contingency plans for how the rest of the euro area should best respond to a threatened or actual default.

ECONOMIST: The euro: High tensions | The