Choose between pound or EU membership, Rehn tells Scots

An independent Scotland would have to choose between using the pound and joining the EU, the bloc's former economic affairs commissioner has said. In a letter to the UK's treasury minister Danny Alexander released on Tuesday night (2 September), two weeks before Scotland's four million voters decide whether to leave the UK, Olli Rehn stated that the Scottish government's plan to keep sterling without a formal currency union with London would be incompatible with EU membership.

EUOBSERVER