if there is only one currency there would really be a competition on each country to accumulate as much as they can because it would really symbolizes power if a country would really have the most possession of such currency which would really mold up chaos because superiority would really be there.This is why this thing is impossible instead of uniting on most countries it would rather create chaos.
When we talk about one currency rule,it is not about the competition,it is about the risk each prosperous country take when they are other countries who are in debt sharing the same economy,if you look back at the Greece situation as they were struggling to pay off their debts and the entire euro felt the pressure to bail them out of the situation,so it is not a realistic situation,we have bitcoin and it is a true global currency.