There are some difficulties with getting Euros in and out of Mtgox right now.
  • There is no way to transfer Euros to Mtgox on their website.
  • Transfering money from Mtgox to a European bank account is cheap at 2%, but it requires 10 euros minimum.
The CEO of the website assures me he is working to fix those problems, but meanwhile you have another choice.
  • Cost to convert euros from a bank account to Mtgox code: 2.5%
  • Cost to send Mtgox code to European bank account: 8.8% but no minimum limit.
Please keep in mind that these fees may go up and down.

Except for the fees for transfering to an EU bank account, these fees are much cheaper than Paypal.
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