this post was submitted on 31 Jan 2025
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Canada

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[–] genfood@feddit.org 39 points 5 days ago (2 children)

Canada come join us in the EU.

[–] Sunshine@lemmy.ca 30 points 5 days ago

Yes, please. We share a terrestrial border with Denmark and a maritime border with France.

[–] grte@lemmy.ca 3 points 5 days ago* (last edited 5 days ago) (2 children)

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.

[–] n2burns@lemmy.ca 17 points 5 days ago (1 children)

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.

[–] grte@lemmy.ca 7 points 5 days ago* (last edited 5 days ago) (1 children)

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.

[–] pupbiru@aussie.zone 6 points 5 days ago (1 children)

okay but it’s also kinda the cornerstone of the single market sooooo

[–] grte@lemmy.ca 5 points 5 days ago (1 children)

Giving up your national currency for one managed by the European Central Bank is the opposite of currency sovereignty.

[–] pupbiru@aussie.zone 2 points 4 days ago

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

[–] genfood@feddit.org 3 points 5 days ago (1 children)
[–] grte@lemmy.ca 10 points 5 days ago

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.