There was some truth to it in the mid '80s.
For reasons unknown to me the US$ was grossly over valued compared to most european currencies ($1 bought 3x as much in Germany than it did in the US).
Consequently US tourists who at home could only afford McD found themselves in Michelin starred eateries in Europe.
It is surprising how long prejudices persist.
Never had anything but good experiences in starred restaurants in the 90's, a simple talk with the maitre'd and a discussion of appropriate wines was enough. The exaggeration of $5 happy meal to 3 star experience is not necessary.The folks with Hawaiian shirts, shorts, and cameras did not tend to feel comfortable in such experiences and they were never at that price level. The worst ugly American anecdotes I have heard from chefs were from the 50's and 60's where American industrialists were hopeless bores culture-wise.
And I like steak and kidney pie, and haggis.
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