The Werner Report’s ideas were too feeble to deal with the currency turmoil of the early 1970’s, and it was almost a decade before Europe produced a new response. The European Monetary System began as a high-level reaction to global currency chaos, and in particular to the depreciation of the dollar in 1977 and 1978, which seemed to threaten its continued role as the major international reserve currency.
《维尔纳报告》中的理念过于苍白无力，不足以应对 20 世纪 70 年代早期的汇率乱局。将近 10 年之后，欧洲才拿出来一套新方案。 1979 年启动的欧洲货币体系最初是对全球汇率混乱局面的一种高层次反应，尤其是针对 1977 、 1978 年的美元大贬值，那一轮大贬值差一点威胁到美元的主要国际储备货币地位。