Why Would Scotland Turn Itself into Greece?

What Scotland will in fact be voting on is whether to give its devolved government a mandate to negotiate independence. Precisely what form that separation takes is at this stage anyone’s guess, and is highly likely to remain so right up to the time Scots make their fateful decision. In that sense, they will be voting blind. Critical issues such as the share of the national debt Scotland takes on, whether it is made liable for the tens of billions spent bailing out Scottish banks, what share of tax revenues from North Sea oil belongs to Scotland, and therefore what sort of a fiscal position it will be in after separation, are likely to remain unanswered.