I have to disagree with this. Just in the Netherlands (hardly known for its culinary brilliance) I can think of 10 restaurants that are highly acclaimed and/or have Michelin stars that are under $200/person. One in particular with two stars has a fixed menu for 89 euro per person, which is their "best" and it really is fantastically good (all local ingredients, everything seasonal, everything very very tasy).

If you only eat out in places like London, Paris or Geneva, then I agree, it would be very difficult to find cheap restaurants with decent quality. But there is more to Europe than merely the big, expensive, post city centres.

What does price have to do with food quality anyway? I've had some of the best food for next to nothing (both in terms of quality and presentation), and some of the worst food at ridiculously expensive restaurants, and vica versa. I suppose it all comes down to personal taste and how seriously one takes restaurant critics and rating systems.