Selective independence or Salmond having his cake and scoffing it?

The Scottish government has stated that in the event of independence it would seek to retain sterling as part of a formal currency union.

"Similarly, in a monetary union between an independent Scotland and the rest of the UK the two parliaments would have to agree on whether fiscal rules were sufficient or whether similar risk-sharing mechanisms were necessary.

BBC News - Scottish independence: Key extracts from Mark Carney speech

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