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when the euro was introduced on January 1st 2002 many things changed for Jonas today he has gotten used to the new currency he thinks the advantages are numerous his friend Rocco from Italy however does not agree with everything concerning the euro and the transnational currency merger they agree on several things when travelling to other countries that use the euro they dont need to exchange their money and can pay everything with euros this is convenient for both of them online shopping has also become easier for customers and producers there is no exchange rate and financial transactions cost the same as national transactions generally speaking prices and salaries can be compared on a European scale more easily this enhances the competition among companies and benefits the customers the country sharing one currency also need to collaborate more closely with each other they grow closer and can support each other during difficult times well in theory that is the European Central Bank