Yes, and if they choose not to update the value in 30 years then it would be the same as ~€330 due to inflation. Doesn't sound reasonable to me.

I think the idea is to set it high enough that not too many people will look, but low enough that after a few decades of inflation (or a few weeks of hyperinflation), it will cover most reasonable transactions, beyond buying a burger.

There's a lot of stuff we buy every now and then between €1,000 and €2,000 (TV, computers, whatever). Not every month but still not something for which we should be scrutinised. Something around €10,000 would be better.