Philip Kerr

I will say that anyone who supports Scottish independence should go to Athens. Because nothing works. It is a disaster. It is a ruined, dirty place where people do not have money or future prospects. The day one after independence, Scotland would be worse.

Leverage is great when it works, and when it doesn't work, it creates a lot of issues. So I think if you limit the amount of leverage that people can borrow, or that banks can borrow, I think you'll find that you'll have a lot less issues going forward.