Billionaire financier George Soros said on Wednesday it would not be practical for an independent Scotland to keep sterling but that a separate currency would be "potentially dangerous". "I don't think that Scotland leaving and becoming independent and yet remaining part of sterling and (the) Bank of England is actually practical," Soros said in London. He said an independent currency would be "very inefficient and potentially dangerous", adding that the alternative was for Scotland to become a member of the euro zone.
By Martin Santa and Luke Baker BRUSSELS (Reuters) - EU member states have agreed the wording of sanctions on Russia, including travel restrictions and asset freezes against those responsible for violating the sovereignty of Ukraine, according to a draft document seen by Reuters. The seven-page document describes in detail the restrictive measures to be taken against Moscow if it does not reverse course in Crimea and begin talks with international mediators on efforts to resolve the crisis over Ukraine. If approved by EU foreign ministers at a meeting on Monday, they would be the first sanctions imposed by the European Union against Russia since the end of the Cold War, marking a severe deterioration in East-West relations. "Member states shall take the necessary measures to prevent the entry into, or transit through, their territories of the natural persons responsible for actions which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine," reads Article 1 of the document.