Word: euros
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...Germans, who merely had to chop the old deutsche-mark prices in half, seem perplexed. Almost 50% of Germans polled thought a new Volkswagen Polo priced at 26,000 deutsche marks was expensive, but only one-third said the same of the car priced at the equivalent 13,000[Euro]. (If you must know, 1[Euro]=89[cents] American...
...long run, the greater transparency of euro pricing should work to consumers' benefit. Well-traveled Europeans instinctively know prices are cheaper in some countries than in others, and now it will be that much more obvious. "Manufacturers and multinational corporations will have to explain the difference," says Carmel Foley, Ireland's director of consumer affairs. "That sort of scrutiny will exert downward price pressure...
Still, in a place like Kosovo, the euro has given the war-weary populace a larger sense of belonging. On the euro's third day, residents of the capital, Pristina, braved sub-zero temperatures to get the bills. By day's end, a small grocery on the city's main street had 4.50[Euro] in its till, though prices were still shown in German marks, the official currency since 1999. Kosovars are used to a variety of currencies: U.S. dollars, Swiss francs, Yugoslav dinars. Now there's the euro. Says shopkeeper Shukrane Shaqiri, warming her hands by a stove...
...Estimated percentage of purchases made using the new euro currency in the Netherlands (with the highest rate in Europe) in its first three days of circulation...
...Estimated percentage of purchases made using the euro in Italy during the same period...