Larry Summers Calls Scottish Independence a Grave Mistake

Larry Summers, a former top economic advisor to the U.S. government, has added his voice to the numbers calling on Scottish people to vote against independence in next week’s referendum.

Ex-Treasury Secretary Summers, currently a Harvard professor, but formerly director of the White House National Economic Council and Harvard president, joined figures as diverse as Nobel-prize winning economist Paul Krugman and billionaire investor George Soros in urging the Scots to vote “no” on Thursday.

“It would be a grave mistake for Scotland to leave,” Summers told CNBC.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza