European Futures published an informative article today by Drs Kirsty Hughes and Tobias Lock on how an independent Scotland could transition into becoming an EU member state.
It’s well worth reading. A few excerpts:
On political will
There is considerable political goodwill to Scotland in EU capitals since it is facing Brexit despite having voted to remain. That political goodwill, on current trends, is likely to feed into an effort to fast-track Scotland’s EU membership in the event of a successful independence vote.
On Schengen and the euro
Scotland – like Ireland – would be likely to keep the Schengen opt-out (and so stay in the Common Travel Area). It would probably have to commit to eventual euro membership, but would not meet the criteria yet, and would, like Sweden, be able to postpone this (probably indefinitely).
On accession timeframes
Accession talks could be completed well within one year (given that Scotland is arguably much more fully compliant with EU rules than Austria, Sweden and Finland were in 1993).
…whether ‘normal’ or ‘fast-track’, Scotland could be an independent Member State by 2023 or 2024, if it became independent from the UK by 2020.
While waiting for ratification, after signing the accession treaty, Scotland could take part in EU Council meetings as an observer, but not vote.