“You’ve just mentioned, eventually, having your own currency but for a time you would not have the euro and use pound sterling, wouldn’t you? So you wouldn’t be able to use QI.”
Ms Sturgeon said: “We would use sterling, we would set up our own central bank and we would be able to perform the duties of a central bank.
“We currently are part of the central bank of the UK, we would have a share of the debt and of the assets of the UK and we would negotiate that when Scotland votes that.
But the response pushed the BBC presenter to press the First Minister once more on the constraint an independent Scottish Government would face in rescuing the economy from a new crisis.
Mr Webb continued: “You couldn’t engage in quantitative easing so, in an emergency like the one we’ve just face you’d be…
“Being part of the currency union, as it were, that is the United Kingdom has helped Scotland from what would otherwise have been a disaster.”
Ms Sturgeon however rejected the assessment, adding: “We’ve been part of the UK, we pay our way in the UK but actually the experience of Scotland over the past few years has not been of rescue.
“It’s been about having things done to us against our will. We’ve just been taken out of the European Union.”
More to follow…