Tenkin said:
Been waiting to repost this It only loses $36 in the US ...
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except you are comparing the price with tax, to the price without tax.
VAT ~20% or so about 50 euroes goes straight to the government. So ~250 Euroes = ~$360. So given that in Europe they have to translate to multiple languages, higher distribution costs, and advertising in multiple languages, that extra $60 doesn't look like much.
(edit: sorry, google/my own typing failed me, correct numbers are now used)