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Eurozone countries offer good value for money for companies sending staff overseas, claims research.
The report, called the Worldwide Cost of Living, in which 130 cities from around the world were ranked by the Economist Intelligence Unit, shows that London is the most expensive city in the EU, although it has dropped to eighth place in the rankings, with Paris coming a relatively cheap 17th.
Zimbabwe's Harare has become one of the most expensive cities in the world - more costly than London and New York - due to its exchange rate policies. Its government has doggedly held the Zimbabwean dollar to the US dollar, despite enduring inflation of more than 100 per cent.
The biggest fall was taken by Argentina's Buenos Aires, which has plummeted from 22nd to 120th. The survey shows the Argentinian peso has been allowed to devalue rapidly.
The costliest cities are in Asia, with the Japanese cities of Tokyo and Osaka remaining at the top of the list - although the gap between them and Hong Kong has narrowed.
