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talkpoliticsThe Krona is history. There is much resistance in Iceland to join the EU or use the Euro as it`s own currency. And so there is some speculative talk that Iceland might start using the Canadian Loonie as it`s own currency.
This surprises me. I have many more questions about this then I do answers.
I do know the Canadian Mint mints currency for foreign governments. As well as some foreign passports printed by our Canadian Bank Note Company.
Contracting out domestic documents and or currency to foreigners does not give up national sovereignty, but perhaps makes one a little more vulnerable. (FYI; most small nations accept being vulnerable as le status du jour anyway)
But using some other countries currency as your own... seems... um... really vulnerable to our Canadian domestic policies.
Why Canada? Why not Danish Krones? Or British pounds? Or American dollars? I understand from the outside we look pretty stable (more stable then the Euro or the USD, FWIW) but we're just as likely to fall down as anyone else.
As a Canadian, I'm kinda flattered. Really I am. But I`m thinking we (Canada) are just too nice and will start to take Icelandic concerns into consideration of Canadian Parliamentary debates. I wonder if the next time we bail out AirCanada/Nortel/Bombardier (possibly RIM Blackberry?) will our Members of Parliament consider how this effects Iceland?
Will somebody please give me the Icelandic point of view on this? (En français, si vous souhaitez éviter un examen américain)
This surprises me. I have many more questions about this then I do answers.
I do know the Canadian Mint mints currency for foreign governments. As well as some foreign passports printed by our Canadian Bank Note Company.
Contracting out domestic documents and or currency to foreigners does not give up national sovereignty, but perhaps makes one a little more vulnerable. (FYI; most small nations accept being vulnerable as le status du jour anyway)
But using some other countries currency as your own... seems... um... really vulnerable to our Canadian domestic policies.
Why Canada? Why not Danish Krones? Or British pounds? Or American dollars? I understand from the outside we look pretty stable (more stable then the Euro or the USD, FWIW) but we're just as likely to fall down as anyone else.
As a Canadian, I'm kinda flattered. Really I am. But I`m thinking we (Canada) are just too nice and will start to take Icelandic concerns into consideration of Canadian Parliamentary debates. I wonder if the next time we bail out AirCanada/Nortel/Bombardier (possibly RIM Blackberry?) will our Members of Parliament consider how this effects Iceland?
Will somebody please give me the Icelandic point of view on this? (En français, si vous souhaitez éviter un examen américain)
(no subject)
Date: 16/3/12 13:43 (UTC)(no subject)
Date: 16/3/12 13:45 (UTC)*ducks*
yeah..I AM feeling better.