Merging the Canadian Dollar, American Dollar and the Mexican Peso

[Nycle]

Agreed.

But the United states is already sort of a group of states, which sort of is an example of what Europe is trying to become. It would be more like Europe merging currencies with Russia and the UK, which isn't going to happen either.

I don't think the EU wants or will evolve into a federation after the current US model. The EU as it is now is an "institution" in which countries pool some of their sovereignity for the achievement of common goals. This "pooling" is expected only to increase, but not to an extent in which a federal government dominates the creation of law on pretty much all big area's and its member states are kind of forced on taking up with it.

As for the UK not ever implementing the euro, don't be so sure of that. In such an integrated economy as the EU it's very hard (not too hard in this case due to the size and importance of the UK's economy) and costly to maintain an own currency. In the foreseeable future I too doubt that the UK will exchange the pound for the euro, but in the long term I see plenty of room for it. It helps that Ireland already has it (and look at its booming economy), British people would probably identify themselves more with them culture-wise than mainland Europe and thus might become less hostile towards the euro.

[Zerzera]

Wikipedia has an interesting article regarding this. Personally I have no idea how it would turn out for North America, but from my own personal European experience the euro has brought way more advantages than disadvantages. I wouldn't want to go back to the old situation.

Agreed.

But the United states is already sort of a group of states, which sort of is an example of what Europe is trying to become. It would be more like Europe merging currencies with Russia and the UK, which isn't going to happen either.

[Nycle]

Wikipedia has an interesting article regarding this. Personally I have no idea how it would turn out for North America, but from my own personal European experience the euro has brought way more advantages than disadvantages. I wouldn't want to go back to the old situation.

[Cops]

Then why did Europe put so much risk into it? Genocidal makes an interesting point that if shit hits the fan then it really hits the fan. Subsidies still exist and trade is not even close to being free or fair.

[404 Not Found]

A unified North American Dollar would only happen when trade laws did not favor one country versus another, as well as legalities on wages and labor, healthcare, as well as many more factors are all on a level playing field.

It would be interesting if it happened, but I am doubtful it will be in my lifetime.

[genocidal]

First, it will never happen. So we all have to realize we're talking about fantasy land where Mexicans fly unicorns and Canadians ride polar bears.

Second, it can effectively happen if a government wants it to. If Canada pegs its dollar to the US dollar, voila. The bad part about this is the effects it can have on investing if shit gets fucked up (economic recession->floating currency->investor pullout->your kids starve).

[iLDuce]

No

[Cops]

How would you feel if Canada, America and Mexico all came together and created one currency much like most of the European countries have done, the benefits in smaller European countries are tremendous and this really has helped out smaller European countries compete in a global market, but is this realistic and beneficial to most or all nations that agree to a Standardized North American currency?

Personally I kind of like the idea, as long as other things would not change because of this. I think Mexico would stand to benefit the most from this.