Nope, if you’re based in the EU you’re entering into contracts in the EU, covered by EU law. Frankly, even if you’re not based in the EU, if you get the option of having EU terms I would click EU terms.

If money’s changing hands, then that’s another matter. You’ll probably want to do it in your home country’s jurisdiction to ensure you get your consumer rights - in fact you’ll most likely need to do it that way. But browsing free websites on the internet is a different matter.

You shouldn’t rely on terms and cookie screens, though. You should set up good ad blocking on your network and devices, such that it doesn’t much matter whether you accept all the cookies.