this post was submitted on 29 Jan 2026
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View from Europe: The Increasingly Convincing Case for Canada Joining the EU (www.policymagazine.ca)
submitted 2 days ago by Sunshine@piefed.ca to c/buyeuropean@feddit.uk
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[โ€“] amniote@lemmy.world 1 points 1 day ago (1 children)

Although I'd welcome the idea, there is an important caveat : Canada is a financial sovereign now but would have to give that up. All countries in euroland use a foreign currency called "the euro". We have a central bank but no central government. Members are expected to finance themselves on the private market. Where as today Canadian government can buy any local goods and services it wants as long as they're priced in canadian dollars. EU is great but needs to fix its design faults before we can expand again

[โ€“] coredev@programming.dev 1 points 1 day ago (1 children)

There are still a few eu countries that have not yet start using the common currency. But i would say that it's getting harder and harder to argue that staying outside is something positive. Sure it might feel like a big step but you gain so much more.

[โ€“] amniote@lemmy.world 1 points 1 hour ago

You're missing the point. There's 2 kinds of economic schools: Tax first, then spend it. And the other school that says 'decide democratically what you want to do, then do it by buying goods/services in your own currency. When the invoice arrives instruct the central bank to pay for it. Why do you still need taxation ? To force the locals to accept your currency for them to pay your tax. That also a big part if how money gets created in the first place. And the recognition that 'the state' is a source of wealth instead of the tax satan between buyers and sellers. I love the EU. But we need that democracy and government that issues policy and injects wealth. China and US understand their fiscal power. But we're stuck with stupid Dutch and Germans who don't understand what Nixon really did.