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Western Europe is, indeed, what is usually implied in spoken language when you just say "Europe". It's often referred to in terms of buying power, market size, education level and average accumulated wealth as well as GDP per capita.
"The rest" of Europe, usually don't count or are not mentioned the same way, even though they technically are a part of the geographical Europe.
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The truth is not affected by the beliefs, or doubts, of the majority.
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