It‘s worse than the iPhone (699$ vs 799€), but unfortunately it’s just the continuation of the trend. Over the last years electronics steadily got more expensive in Europe compared to US. Before that is was often 1$ == 1€, which was not that far off after taxes.
However another thing to consider in pricing ist that android phone prices will fall pretty quickly over the year anyway, up to about 50%. We’ll see how it will be for the Pixel2