Alex Massie Alex Massie

Financial Crisis: Cui Bono?

Unionists of course. That. at any rate, is Alan Cochrane’s argument in the Telegraph today.

With his acknowledged acumen in this field, Mr Salmond has tried to put himself at the very epicentre of this crisis but with every day that passed he has looked more and more like a spear carrier in a major production being directed by people altogether more powerful than he.

HBOS and RBS may have their brass plates in Scotland, but the measures needed to cope with the crises afflicting them required action on a scale far outwith the capabilities of one small nation. Mr Salmond’s actions have looked increasingly puny, revealed for what they are — mere whistles in the dark of a global disaster…

With the oil price shooting up and down like a yo-yo, it has already been difficult to see how the SNP can base Scotland’s economic future on North Sea Oil revenues.

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