Bail Out London City or Bail Out Of The UK?

Jim Corr of the Irish band the Corrs isn't pulling his punches (see video below).

Scots should take note. He believes that Ireland's problem is that it ceded sovereignty to the EU. He wants Ireland to leave the Euro and have it's own currency.

Scotland has a similar problems with monetary union. Policies to suit the English economy decimate Scottish jobs and public services. Now with many thinking the EU is in its death throws, Scotland should do the responsible thing and consider plan B.

Corr believes that Ireland is suffering from a top-down engineered crisis and that austerity is damaging helping only the super rich.

The pound sterling has been devalued by 20% against its trading partners and has nothing to show for it. By contrast Germany's unemployment is the lowest it's ever been.

Devaluing currency makes people poorer because you can buy less with the same amount - it's a wage cut.

A currency debate in Scotland is now urgent. Scots want more powers to control taxation but with London printing trillions of new pounds the money we raise in tax in Scotland will be worth less. We need, not just 'fiscal responsibility' but economic independence.

It is not time to bail out The City, it is time to bail out of the UK.