Living in Europe can be a wonderful experience provided you can get a visa that allows you to be in one of the European countries legally and have a job that allows you to support yourself. I spent over 13 years living in Mirandola, Italy and loved it there. I can highly recommend Italy - beautiful art, architecture, scenery and music, interesting local festivals, great people and food. Beaches, mountains, lakes, the ocean, historic sites, world class museums and galleries and a lot of varied things to see and do. The best part is the wonderful Italian people. It's very easy to get out and explore Italy and further in Europe using the trains or budget flights. At a high level, life isn't all that different; you still need to work to support yourself, shop, cook, clean house, etc. It's the details that are different. Life tends to be more relaxed. Rather than driving everywhere i tended to walk or bike places. Life was generally at a slower pace. There were frequently things going on in town and local events tended to have something for the entire family. You could stroll into town in the evening and see a concert, dance recital, play in local dialect or other event in the piazza two or three weeks a night in the summer. The local market was Saturday in the town where I lived and then would move on through other towns during the week. There was a local antiquaria (flea market) the 2nd Sunday of every month where the streets were filled with merchants and people browsing/socializing.

The economy is in poor shape right now and unemployment is high. It can be expensive. A student visa isn't too difficult to get assuming you can get admitted to a school and have the resources to support yourself there without working. You could also look into an elective resident visa which allows you to live there without working. A work visa would be much more difficult. http://www.esteri.it/visti/home_eng.asp

The economy is an issue in several countries especially in the south of Europe.

England, Finland, France or Switzerland. They have good educational institutions and a good job market.

Though it's been a while since I was there so things may have changed. You might do some research on your own.

Any European land offers a decent life compared to Middle East and Asia Africa and rest of world.

The poorest ones are Republic of Moldova and Albania.

The richest ones are Germany France Italy Luxembourg Britain.

If you just want stuff, it is very good, but if you actually want to be alive, then no, it is nothing like what they want you to believe.

Depends, if you want good weather and a sustained economy, go to France Britain or Italy.

The North west tends to be pretty good.

Go to Ireland , have some Guinness