this post was submitted on 08 Jun 2025
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137
Canada won’t become the 51st US state – but could it join the EU? (www.theguardian.com)
submitted 1 month ago by [email protected] to c/[email protected]
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Joachim Streit has never stepped foot in Canada. But that hasn’t stopped the German politician from launching a tenacious, one-man campaign that he readily describes as “aspirational”: to have the North American country join the EU.

“We have to strengthen the European Union,” said Streit, who last year was elected as a member of the European parliament. “And I think Canada – as its prime minister says – is the most European country outside of Europe.”

While he admitted that the possibility of Canada as a full member of the EU “may be aspirational for now”, he wondered if it was an idea whose time had come.

“Canada would be a strong member,” he said. “If Canada would be a member of the EU, it would rank 4th in terms of GDP. It’s part of Nato. And 58% of (working-age) Canadians have college degrees.”

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[–] [email protected] 2 points 1 month ago* (last edited 1 month ago) (1 children)

No thanks, the Euro area has enough problems itself. Hence their desire to rush in a CBDC, and to limit free speech.

This report outlines the economic fantasy land of Europe the best.

https://icecap.wpengine.com/wp-content/uploads/2022/10/2022.02-IceCap-Global-Outlook.pdf

"To demonstrate our skepticism towards the Europeans’ ability to achieve escape
velocity and forever leave behind their zombie banking system, unmarketable
debt and complete dependence on suppressing price discovery - consider the
following policy reactions orchestrated by the European Central Bank (ECB) since
the 2008-09 crisis:
• European Financial Stability Facility (EFSF)
• European Financial Stabilisation Mechanism (EFSM)
• European Stability Mechanism (ESM)
• Outright Monetary Transactions (OMT)
• Long Term Refinancing Operation (LTRO)
• Long Term Refinancing Operation II (LTRO)
• Long Term Refinancing Operation III (LTRO)
• Tripartite Committee consisting of ECB, IMF, EC agreement (TROIKA)
• Forced austerity and bailouts of Portugal, Ireland, Italy, Greece, Spain
• Activation of FED USD Swap Lines
• Asset Purchase Program (APP)
• Corporate sector purchase programme (CSPP)
• Public sector purchase programme (PSPP)
• Asset-backed securities purchase programme (ABSPP)
• Covered Bond Purchase Programme (CBPP)
• Covered Bond Purchase Programme II (CBPP)
• Covered Bond Purchase Programme III (CBPP)
• Pandemic Emergency Purchase Programme (PEPP)
• Quantitative Easing (QE)
• Zero Interest Rate Policy (ZIRP)
• Negative Interest Rate Policy (NIRP)
Recal"

[–] [email protected] 1 points 1 month ago

Yea I would not want to give up monetary sovereignty to them either, it will not work long term, and the needed bailouts are just a symptom of the larger issues