Two sources have indicated that the Xbox 360 is to receive a price cut within Europe. The new price for the Premium will be 349 euro's instead of 399, and the core will retail for 279 euro's as opposed to 299 euro's. Interestingly, the Elite is launching in Europe on the same day as the proposed price cuts - August 24th. The following image shows a leaflet which French retailer Carrefour have been distributing with the second confirmation coming from German based 'n-TV' who say there will be a 50 euro Premium price drop with official confirmation coming on Wednesday from Leipzig.

Carrefour will even knock off an extra 25 Euro's as part of a special customer scheme.