Tuesday, October 21, 2008

Sobering thought for Péquistes

From a recent article in The Globe and Mail:
"In a new era when government has become the guarantor of financial stability and the lender of first resort, nobody wants to touch those countries whose banks are bigger than their economies.

Scotland's independence movement may suffer the same fate: Last week, the British government bailed out the most famous Scottish banks – the Royal Bank of Scotland, the Halifax Building Society and the Bank of Scotland – by buying up their shares as part of a bailout package that cost more than the entire annual output of the economy of Scotland.

'People are realizing that if Scotland had been independent, it would not have survived this situation.'"

If Quebec sovereigntists had won the 1995 referendum, would they now be clawing their way back into Confederation?