From the linked source in the clip:

To someone who'd spent time in Russia in the early 90's, watching the steady strengthening of the Ruble against the Dollar was like seeing water flow uphill. It's hard to explain how expensive it is in Euroworld; they use a Euro like a 50 cent piece (now $1.56), and round to the nearest 10 Eurocents, throwing away 7 US cents on every second transaction. One can't get tea and a banana for less than $9, about the minimum to sit down it any cafe. The Euro has been a decidedly mixed blessing: predictably prices in expensive countries didn't drop to Greek or Portuguese levels; they went up to 50% above the most expensive country. From Rome to Amsterdam ...

From the linked source in the clip:

To someone who'd spent time in Russia in the early 90's, watching the steady strengthening of the Ruble against the Dollar was like seeing water flow uphill. It's hard to explain how expensive it is in Euroworld; they use a Euro like a 50 cent piece (now $1.56), and round to the nearest 10 Eurocents, throwing away 7 US cents on every second transaction. One can't get tea and a banana for less than $9, about the minimum to sit down it any cafe. The Euro has been a decidedly mixed blessing: predictably prices in expensive countries didn't drop to Greek or Portuguese levels; they went up to 50% above the most expensive country. From Rome to Amsterdam to Paris to Valencia; the story is similar- since the advent of the Euro in Jan. 2002, prices have roughly doubled.

Everything is 3-8 times the US price; I hunted for a little roll of duct tape for weeks, and finally found it at $8. In Amsterdam, Saturday late night kids in a deli get only fries at $2.80 because it's the cheapest thing by far on the menu. They foolishly have coins for up to $3- the smallest bill generally used is $16 (€10), which psychologically devalues any currency- it's simply so easy to spend coins, with often over $18 worth in ones pocket.

I've added the emphasis because this is the very reason U.S. citizens should rail against the dropping of the penny and conversion of $1 bills to $1 coins.

Excellent clip.