Monday 11 December 2017

Brendan Keenan: Withdrawal from EU core would leave us an impotent spectator

MOST people have heard of the South Sea Bubble, or even the Dutch Tulip Mania. Not so many will be familiar with the Scottish Darien Scheme.

Yet 400 years later, it has taken on an unexpected resonance: a financial crash which culminated in a political union -- in this case, the union between Scotland and England to form the United Kingdom.

For the record, the scheme was an attempt by a then sovereign Scotland to establish a colony called "New Caledonia" in what is now Panama.

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