Today we have to recognize that the greatest threat arises from the asymmetries of information and power between financial institutions and poor consumers, an imbalance which grows as customers are less experienced and the products they can choose are more sophisticated, an imbalance which holds real potential for negative outcomes due to institutional abuses or ill-informed client decisions.
It might perhaps have been able to crowd out weaker currencies, but whether also a currency of the D-mark’s standing would at least be doubtful. This is true, at any rate, of the specific form of monetary policy activities discussed at the time. Be that as it may, in the Maastricht Treaty a more far-reaching solution was adopted.