Business: Price Parade

New York is cheap

As any corporate comptroller knows, it has long cost American companies a lot to station executives in the biggest European cities, like Paris, London and Rome. Now it appears that the living expenses that U.S. firms must foot are substantially higher than Yankee levels in all of the major business centers, including Lisbon, the cheapest European capital.

So reports Management Centre Europe, a Brussels-based consulting firm. Every six months, M.C.E. measures living costs in 16 European cities in comparison with New York, using as a yardstick the dollar value of a basket of 101 common items, among them food,...

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