HomeEconomyFrom one currency to one charger: How EU transformed consumer life

From one currency to one charger: How EU transformed consumer life

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As Europeans put together to vote within the EU-wide parliament elections on June 9, this is a take a look at how the bloc has impacted client life:

One foreign money

The Deutsche mark, the franc, the Italian lira and the peseta are distant recollections.

Two many years in the past, nations started to ditch their nationwide currencies to undertake the euro. Today, 20 of the European Union’s 27 members use the euro as their sole authorized tender.

Money transfers can now be made with out charges between eurozone nations, and vacationers now not have to fret about overseas trade charges.

The euro has even gained acceptance in Germany, Europe’s largest economic system, whose residents had initially feared the foreign money would trigger costs to rise.

Germans nicknamed the euro the “teuro” – a play on phrases that mixes “euro” with the German phrase for “cheap,” “teuer.”

The debt disaster that hit Greece and different eurozone nations within the 2010s put the foreign money by its largest check, however nations launched monetary assist measures to assist their neighbors and fend off fears of a breakup of the financial union.

Europeans don’t appear to overlook their outdated currencies: a European Commission survey in late 2023 confirmed that 79% of individuals within the eurozone consider the euro is sweet for the EU.

Free roaming

The finish of roaming charges throughout the EU in 2017 was a life-changer for the bloc’s residents.

People now not fear about operating up costly telephone payments when crossing borders.

Kevin Eon, a Frenchman who works at a startup based mostly within the Netherlands, saved his French telephone quantity after his transfer, saving him the difficulty of buying a neighborhood SIM card.

“It makes life easier,” Eon mentioned. “It’s a huge time saver.”

One telephone charger

Another telephone revolution is a rule coming into power later this 12 months imposing one kind of charger for all moveable digital gadgets.

All producers promoting within the bloc will likely be obliged to make use of the USB-C port on telephones, tablets, audio system and different moveable tech.

Most gadgets already use these cables, however Apple was greater than somewhat reluctant. The agency claimed in 2021 that such regulation “stifles innovation,” however by September final 12 months, it had begun delivery telephones with the brand new port.

Flight compensation

The EU has taken steps to guard the rights of air vacationers.

Airlines should compensate passengers between 250 euros and 600 euros ($270 and $650) in case of lengthy delays or flight cancellations.

Companies are additionally required to offer drinks, meals and lodging, if vital.

Airlines, nevertheless, can cite “extraordinary circumstances” to keep away from compensating passengers, often resulting in authorized disputes.

Cookie consent

Since 2018, the EU’s General Data Protection Regulation (GDPR) has compelled web sites to ask for consent earlier than putting in cookies – the packages that observe web exercise to create focused promoting.

Instead, folks now need to take care of pop-up home windows that ask them for consent.

“It’s annoying sometimes. Other times, I don’t care,” mentioned Marta Riboni, a 27-year-old Italian. “It depends on how much time I have.”

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