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Should the US, Canada and Mexico develop a common currency akin to the Euro?

Asked by: ZyuZyu
  • A global market is a happy market

    I think that every continent should try to have one common currency. This would eliminate the complications of foreign currencies, and make everyone feel more equal. You can easily state the cost of something, and easily charge taxes cross-country. There are too many calculations involved, and it would be easier if we had one united currency.

  • We should be equal.

    It's always confusing when trying to calculate dollars into euro. As stated: we should all be equal, it's as if the other country's money is less valuable than ours. That's not necessarily true. Euro is like 2 cents off of dollars right? WHAT'S THE DIFFERENCE?!! It's really beyond me how we can't all share one type of currency.

  • Currency is the one thing that shouldn't be globalized.

    While it's a nice idea on the outside to makes less and less currencies so that they can be used much easier, there is one very major issue with this; the less currencies you have, the bigger the effect when one of them crashes. This is why people were opposed to the Euro, because they felt that the risk of a market crash was greater than the increased ease of use of the currency. If the North (and Central? I can't remember if Mexico is North or Central) American countries were to all have the same currency, than when once country crashes, the rest will fall, and fall much harder than if they each had their own countries.

  • North American economies are much too divergent to support such an initiative

    Should one look into the history of the European Union, one will find that the reasons behind its implementation revolve around common economic and political interests. In North America, while the internal economy is strong with all three countries heavily invested in one another and very dependent on each others' business, the three economies are currently not oriented in such a fashion that would promote economic integration on the scale of the creation of a common currency. Were an "Amero" ever be created, it would require an enormous amount of economic progress and liberalization that no government in any of the three countries is currently willing to pursue.

  • We should be equal.

    It's always confusing when trying to calculate dollars into euro. As stated: we should all be equal, it's as if the other country's money is less valuable than ours. That's not necessarily true. Euro is like 2 cents off of dollars right? WHAT'S THE DIFFERENCE?!! It's really beyond me how we can't all share one type of currency.

  • Don't Change Currency

    Canada, Mexico and the United States should learn from Europe and not switch to a single currency. As has been demonstrated in Europe, member countries are now forced to bail out the profligate spending of other governments in order to protect the value of their own investments and currency, hurting all taxpayers in the process.

  • From the evidence of the past

    There is no reason that the United States and Canada would want to create a combined currency that would just fall apart from the slightest breeze throughout the currency market. There was mass speculation and excitement from the euro at first but now its nearly worthless.. Furthermore, Mexico would be a poor choice of business partner due to their economic problems infecting the new currency and rotting it from the inside out. While the nations that created the euro were already uniform and organized they were also on near equal footing while Mexico is at a lower standard of living that the United States and Canada, one could go as far to claim that Mexico is a borderline third world country.

  • There is no point.

    There is no point into making our own currency like the Euro. I'm in Canada, and I don't find a problem with the currency going between Canada, Mexico, and the United States of America. There should be a tax or a price to convert your money over from US dollar, to Canadian dollar.

    Posted by: Xen

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