It’s not even the case for the whole of Europe, I live in Poland and the cheapest 5090 I can buy is a Gaming OC for ~
€3350
With 23% VAT in Poland vs 19% VAT in Germany, that seems a bit high, but you could always order from a reseller somewhere else in the EU who just charges the tax difference. Especially since the Polish variant of Geizhals,
cenowarka.pl doesn't seem to list many local offers.
One of my favorite e-tailers is actually in Denmark (everything computers), another in Hungary (SSDs and tablets), a third in Holland (mobile phones): most of the time I just don't care or notice which EU country things are coming from, ...except when I ship returns.
I'm quite surprised that the EU market seems better these days, because that's usually not been the case: we were always served later, with a reduced selection, and at a higher price. And we've certainly seen rampant eBay scalping here, too, especially with th RTX30* and RTX40* and Zen3 launches.
Even with the RTX50* and RX 9070 cards, there was an early spike, but for those new cards that stopped very quickly when retail availability killed scalper margins, within a day for the RX 9070*. There is still funny pricing around RTX40* on eBay here, too, but there are simply quite crazy offers on eBay for everything. But also for GPUs at retail prices (many retailers simply offer on eBay as well), some probably from would-be scalpers, who I'd rather leave sit on their wares forever.
I didn't actually track the RTX50* series, because I didn't initially plan to buy one (my RTX 4090 being good enough for now). It was only when I was looking into an RTX 3070 upgrade for my kid, that I considered the RX 9070XT.
And when that RX 9070XT disappointed with hefty power spikes and terrible software, I started to look around the mid-range RTX 50* and saw that availability was good all around and geizhals was highlighting ~30% price drops across the range.
My guess: it's Trumputin tariffs, either already in effect or just redirecting supplies to a less hostile market (or US panic buying to an unexpected extent?).
Should those tariffs last, we might have a bit of an unusual reprieve as computer buyers in the EU, but of course when we can't make money selling cars, cheese and wine to the US, that won't last very long.
And so sorry, but no eggs, nor Grönland!