The euro's global dreams and nightmares - Eichengreen, Barry (CEPS Centre for European Policy Studies, 2019)
One motive for founding the euro was to create a European unit that might provide an alternative to the dollar as an international and reserve currency. The Werner Report, the first full-throated argument for a single European currency, was issued in a period of angst about the Bretton Woods System and the dollar (Zimmermann, 2002). The Delors Report, which provided a detailed road-map in 1989, was not unrelated to the preceding decade of wild dollar fluctuations