this post was submitted on 31 Jan 2025
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[–] n2burns 17 points 1 week ago (4 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 7 points 1 week ago* (last edited 1 week ago) (3 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.

[–] [email protected] 6 points 1 week ago (2 children)

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

[–] grte 5 points 1 week ago (1 children)

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

[–] [email protected] 2 points 1 week 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