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6 days agoThose countries are on the other side of the planet, a slightly larger barrier than using the same currency


Those countries are on the other side of the planet, a slightly larger barrier than using the same currency


Cant join the Eurozone if we want to keep all of our free trade deals with every other G7 nation (minus the US), and massive number of trade deals with other countries, so we would need some sort of excemption there. Kinda depends if the EU goes for some sort of tiered model in the future.
Could balance out in other ways but its hard to say.

Those kids need martial arts training, any kind, i didnt see a solid punch or kick from any of them. They basically just swarmed him.


Wish Canada would do this, fuck tim hortons
Theyve been outsourcing it to continents that does things so cheaply, either due to poverty or currency manipulation, that it makes up for the costs of shipping.
Increasing trade is convicing both blocs that its easier to buy and work with companies that are, for parts, so far away that the work day doesnt even overlap. Sure a common currency makes business dealings easier, but again, theres a reason we do ~75% of our trade with our neighbor. Also on that continent people outsource to the work day is a lot longer than 8 hours. I can message a manufacturer in China any time of my day and they will respond.
Common currency would lead to more investment, from EU countrie, but i dont see that coming close to making up for the losses from increased trade barriers for all our other trading partners