Themes on the Global Markets

Chief International Economist Adolfo Laurenti's periodic report provides insight into the trends and issues affecting the global economy.

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September 2014

Scotland's Hamlet Moment
To Leave, or Not to Leave? That is the Question.

"As tough as divorce always is, it may be insurmountably so for a union that has lasted since 1707. After more than three centuries of shared history, a return of Scotland to independence may well be a romantic endeavor, but not one supported by economic realities, though we are not so naive as to believe that economic realities are all that matter," says Adolfo Laurenti.