So why is it that the deal outlined by the Fiscal Commission would be attractive to the rUK?
It is the fourth Scots university to set its fees for rest of UK (RUK) residents at the maximum level.
Why would they, he argues, when it would expose rUK to risks from an independent Scotland which they could not control?
Mr Osborne's core point is that it would be "unlikely" that rUK would agree to a sterling zone with an independent Scotland.
The university said it would commit 40% of the additional fee income it receives from RUK students to bursaries and financial aid.
V. ( NYSE: ENL) which is down about 1% today, and Reed Elsevier Plc ( NYSE: RUK) trading lower by about 0.8%.
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So, it's argued, it would be in the interests of rUK to do a deal to boost trade, competitiveness and financial stability.
Reed's (nyse: RUK - news - people ) success is freakish in another way: It's a media stock doing well.
The main element of the politics is the assertion that it's in the interests of the rest of the UK (rUK) to do a deal with a newly-independent Scotland.
Given that, SNP ministers say, rUK ministers and the financial system would rationally prefer a stable sterling zone rather than Scotland deploying sterling free from constraint on their northern boundary.
Why would they, he argues further, when it would involve 58 million rUK citizens ceding a degree of sovereignty to five million in Scotland who would, by then, be part of a foreign country?
As to those negotiations, it argues that, in practice, it would be in the interests of rUK to create a sterling zone - whatever is said now in pursuit of a political argument for the referendum.
She told MSPs that the "least worst option" was to set a flat-rate fee for RUK (Rest of UK) students across the sector, to prevent them from being seen as a "cash cow" as "potentially they are now".
"We're still a long way from the having the kind of valuation that a company our size should fetch, " sighs Serge Tchuruk (pronounced "cha-RUK"), Alcatel's CEO, over a four-course lunch at its tastefully modern headquarters just off the Champs-lyses.
Nationalists say that, regardless of comments now, it would be very much in the interests of rUK (rest of the UK) to maintain a stable currency zone, including Scotland - not least because Scotland could use the pound unilaterally, without reference to London.
On April 11, information provider Lexis Nexis, a division of Reed Elsevier (nyse: RUK - news - people ), revealed that up to 310, 000 U.S. citizens may have had personal information stolen, including names, addresses, Social Security and drivers' license numbers.
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