If, and that's a big if, you aren't a spendthrift you can live relatively comfortably on European levels of welfare. That means living in a modern apartment, car that gets you there (or public transport, which is actually feasible in Europe), some travel. Schooling is provided by the government mostly, and good schooling is not that much more costly to provide than bad schooling. Move to Finland or Sweden, if that's your priority.

The food in good restaurants is not really better than in adequate restaurants. Visiting a fancy restaurant is more of a positional good to show and enjoy your social status.

Oh, and before I forget: Those central and northern Europeans countries are not the countries that are currently in agonizing debt.