The issue of regions looking for independence from their current nation states is in the news at the moment. From certain US states to Scotland and Catalonia the case is being made that they would be better to go it alone, but just how would this work out in practice, and how likely is it [...]

The President of the United States, Barack Obama, has attempted to calm investors and the people of America.  After the US’s credit rating was downgraded from AAA to AA+ on Friday, there has been widespread panic over whether the US can tackle its chronic debt problem.