That's not really useful because that can just mean that you basically have a big WAN with fast access to your own stuff, but no backhaul to support it.
Euro internet exchanges can be sort of thought of very cheap, pan-continent WAN. Thousands of smaller ISPs agree to meet at few central dark places in a datacenter, and plug their links to ethernet switches in there. And BGP peer through this (ridiculously fast) LAN.
Which means pan-european peering is essentialy free if you can get your dark lambda to 3 euro IXes, just rent the fiber. Same thing then works on national level, each country having one or few smaller IX for their language bubbles (to save cost on the lambda to AMS). Only tier-1 (ie not euro/russia) is pretty much always oversold to broadband costumers.
I'm real happy with my connection for that reason. It's 300mbit for $100/month but it really gets that.
Thats between 10-20x the cost of the same thing in central to eastern europe (Note that PPP, the consumer prices in those countries are only 50% lower or so compared to US).
But to servers all over the US.
And most of canada. Yes, because North America is pretty much one peering "bubble", just like european continent is. Try to iperf it across the ocean, it will be massively oversold at this pricepoint (realistic overseas tier-1 price is about $2-5 per Mbit).
Problem with your US WAN is that settlement free peering is non-existent in there, i mean on some massive scale, hosting a hyper-competetive bandwidth market. This is because pan-US backhauls ("the fiber") are monopolized by the very same cartel of oligopolies who mainly profit from last mile, and creating an open market there would run against their main source of profit.
As a result, you can't just "rent fiber" for each IX like you can in europe. So even though your local bandwidth is naturally abundant (given relatively short distances), it is still very costly to the consumer, because the market is cornered.
tl;dr: Parent thinks internet peering is series of tubes and "north american bw" means "world-wide tier-1 bw". Sorry murrica, but european commies with their central-but-free bw economy won this one.