It will exert sufficient pressure on countries to tackle their real problems and to solve them internally, too. To that extent, it will carry on those effects of the gold standard which are regarded as having been successful. This optimistic reference to experience of the gold standard is not entirely convincing, however.
The euro is today the second most actively traded currency in foreign exchange markets worldwide, accounting for 37% of foreign exchange transactions.2 This share has remained stable over the past couple of years.