President Donald Trump says his 25% tariffs on Canada and Mexico are coming on Saturday. Trump also said he'll "probably” decide on Thursday night whether to include oil from those countries as part of his import taxes.
I’d rather not give up currency sovereignty. Closer economic and military ties, sure, but not full membership. There’s also the reality that some of the most powerful economies in the EU in Germany and France are flirting with their own neo-fascist movements.
Can you please explain why you think currency sovereignty is such a big hangup? I see lots of potential issues with joining the EU, but having to use the Euro doesn’t even register for me as a problem.
See my reply to the other commenter in this thread. Additionally, currency sovereignty is a cornerstone of modern monetary theory, were Canada to want to adopt something like that.
i agree, and never said it was, however currency sovereignty being a sacred cow isn’t a great way to form policy
why is it good? what does it give you? (youve answered in another comment a couple; there are plenty!)
but single market relies on single currency, and that gets you a whole lot too. you said you’d like to join the EU but not the single currency, but the UK proved that situation was sorta shit for the whole EU
you can’t really be part of the single market the way it’s intended without being part of the single currency
Because national control over the Canadian dollar gives us a lot of flexibility that adopting the Euro would take away. Particularly in a country that is about to have to attract new trading partners to buy our exports, the ability to devalue our dollar to make those exports more attractive is going to be important.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !canada@lemmy.ca
Canada come join us in the EU.
Yes, please. We share a terrestrial border with Denmark and a maritime border with France.
Bring Mexico with you. We are going to enrich European culture with tamales and poutine.
I’d rather not give up currency sovereignty. Closer economic and military ties, sure, but not full membership. There’s also the reality that some of the most powerful economies in the EU in Germany and France are flirting with their own neo-fascist movements.
Can you please explain why you think currency sovereignty is such a big hangup? I see lots of potential issues with joining the EU, but having to use the Euro doesn’t even register for me as a problem.
See my reply to the other commenter in this thread. Additionally, currency sovereignty is a cornerstone of modern monetary theory, were Canada to want to adopt something like that.
okay but it’s also kinda the cornerstone of the single market sooooo
Giving up your national currency for one managed by the European Central Bank is the opposite of currency sovereignty.
i agree, and never said it was, however currency sovereignty being a sacred cow isn’t a great way to form policy
why is it good? what does it give you? (youve answered in another comment a couple; there are plenty!)
but single market relies on single currency, and that gets you a whole lot too. you said you’d like to join the EU but not the single currency, but the UK proved that situation was sorta shit for the whole EU
you can’t really be part of the single market the way it’s intended without being part of the single currency
Why not? ☺️
Because national control over the Canadian dollar gives us a lot of flexibility that adopting the Euro would take away. Particularly in a country that is about to have to attract new trading partners to buy our exports, the ability to devalue our dollar to make those exports more attractive is going to be important.