That is trivially solved by procuring, in the open market, foreign exchange to match domestic liabilities and essential imports.

Of course, if a state insists on running insane economic policy, then it will be better off in receivership.

But a state which insist on running insane policies would generally be better off not being sovereign in the first place.

Moreover, the propensity of right-wing governments toward insane policies is only a weak argument against voting for independence, but a very strong argument against voting for right-wing governments.

- Jake

Friends come and go. Enemies accumulate.