We have had more experience with this type of exchange rate mechanism than almost any other country in the world, so we have a deep understanding of how it works. Canada's bold – some might say radical – decision in 1950 to break with the Bretton Woods system was driven by a couple of problems.
[10]  The estimates in Chart 6 show that an average net borrower has gained close to EUR 2,000 per year in lower interest payments in recent years, whereas an average net saver has lost close to EUR 700 per year.