The EU is a big(ish) and diverse place. We pay about twice that for 40Mbps VDSL and about 2.5x that for 50Mbps LTE. To be fair, we could get something slightly (~20%) cheaper as we've got a "business" deal to get static IP addresses on each connection. The fastest consumer package we could get at this location (cable) is 500Mbit/s down, 40Mbit/s up for €80/month. (Their business level contracts top out at 300/40 Mbps and €200/mo)
The EU is also smaller and dramatically denser than the US. Nationwide service in the US is categorically different than servicing a nation in Europe. The rollout costs are dramatically higher.
This tired argument falls apart once you start looking into internet options in NY, Manhattan, 1st Avenue. Kinda sorta the densest spot in US, and all you can get is Verizon DSL or Spectrum Business Cable.
Part of this is the legacy of the federal government promising monopoly status to telcos in exchange for them bearing the cost of providing services in rural areas.
If the market had been allowed to work, and rural Americans did not get service until it was profitable we'd have a much different market in the US today.
