Part 7/8:
Although this multi-tier idea initially lost traction due to the complexity of required treaty changes, there remains the possibility that, moving forward, the EU may gravitate towards such a model.
Especially in light of joint borrowing initiatives during crises like the COVID-19 pandemic, the EU crafted substantial debt. This could necessitate further fiscal integration, potentially creating a divide between member states willing to participate in a European fiscal Union and those that opt out. If this scenario materializes, Canada might find itself in a favorable position as a potential outer member, given its rich resources and existing ties.