Sunday 9 June 2024
Islamabad (Urdu Point. DW Urdu. 09 June 2024) Deutsche Mark, Franc, Italian Lira and Peseta have become distant memories. Two decades ago, these countries ditched their national currencies to adopt the euro.
Today, 20 of the 27 members of the European Union use the euro as their currency. Money can now be transferred between Eurozone countries without fees, while travelers no longer need to worry about foreign exchange rates.
The euro has even gained widespread acceptance in Germany, Europe's largest economy, whose citizens initially feared the currency's rise in currency prices.
"Tower" means "expensive" or "expensive" in German.
The Germans nicknamed the Euro the "Tower".
Welcome to the Eurozone
The debt crisis that hit Greece and other eurozone countries in the 2010s put the euro currency to its biggest test yet, but eurozone countries have struggled to help their neighbors and fear a breakup of the monetary union. initiated financial assistance measures to remove
Europeans are not missing their old currency. Neither do they have any sense of deprivation in this regard. A European Commission survey conducted in late 2023 found that 79 percent of citizens living in the eurozone believe that the euro is a good thing for the European Union.
Abolition of "Roaming Fees".
The abolition of "roaming fees" in the European Union in 2017 changed the lives of the residents of the bloc.
Now Europeans don't have to worry about how much extra they will have to pay for cross-border telephone usage when crossing the border.
Kevin Evan, a French national who works at a startup based in the Netherlands, kept his French phone number, so he didn't have to worry about getting a local SIM card. “It makes life easier and saves a lot of time,” he says.
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Same charger for all devices
Another revolutionary item coming out later this year is the use of a single charger for all portable electronic devices.
All manufacturers selling phones, tablets, speakers and other portable tech in the European bloc will be obliged to use USB-C ports in the future. Most devices already use these cables, but Apple was a bit hesitant.
The company said in 2021 that such regulation "stifles innovation," but by September of last year it had started shipping phones with the new port.
Provision of facilities in air travel
The European Union has also taken steps to protect the rights of air travelers. In case of long delay or flight cancellation, airlines have to pay passengers compensation between 250 and 600 euros.
Companies will also be responsible for providing drinks, food and accommodation if necessary.
However, airlines can cite "extraordinary circumstances" to avoid compensating passengers, often leading to legal disputes.
Since 2018, the EU's General Data Protection Regulation (GDPR) forces websites to ask for consent before installing "cookies". Programs that track Internet activity in order to deliver targeted advertising. Instead, people now have to deal with pop-up windows that ask them for their consent.
