If one wanted just a lower cost of living, Romania would be top of the list!
Not really. I spent 10 days this month there and the cost of food is higher that in UK (comparing Carrefour in Bucharest with Tesco/Asda).
The good thing is that I had access to some low cost professional health care that it is not easily available in UK.
But try to avoid BUcharest, it is a nightmare to drive there.
In what concerns the worldwide stattered dreams, I agree with you Charlie. We all believed that the prosperity is permanent when it was only a temporary thing and now we will all pay for our excess.