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'No prospect' of Scotland in euro

'No prospect' of Scotland in euro
Alex Salmond has sought to quell talks of a Scottish entry into the euro, saying there is "no prospect" of the country entering into the single currency.

Speaking to the Today programme, the Scottish First Minister said: "For the foreseeable future there’s no prospect of Scotland, an independent Scotland, being a member of the euro."

He also said Scotland would negotiate its future as an EU member while it is still part of the UK.

Renegotiation would take place before a transfer of sovereignty in 2016, meaning the country could make a deal from within the EU, he said.

"This is a negotiation that will take place after the constitutional referendum of 2014, of course Scotland will still be a member of the UK and therefore, by definition, negotiating from within the European Union.

"The point of independence doesn’t happen until the transfer of sovereignty, which will happen before the Scottish elections in 2016."

Parliament is this week debating the Section 30 order which will allow Scotland to hold an independence referendum.

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