As mentioned, Europe is a big place, so you need to give more details...
Austria isn't going to be less busy because the Russians aren't about. Southern Germany doesn't look anything like a recession; the problem is finding workers, not jobs. We'll be flooding Austria this year. And I hate to be a downer, but in the last few years skiing pow has really taken off here (sadly), so stuff is getting tracked faster than ever before. Each year it's worse than the last in this respect.
Pistes here have always been quite busy, and often much more boring than their NA counterparts. So much is above the treeline, most steeps aren't that steep, there aren't as many mogul fields, and the groomers are kept pristine, wide, and not too snaky. Of course there are exceptions, but that's my general Austria/Swiss Alps report. If you're an intermediate piste skier, it's nice. As an expert, meh.
Of course, if you're an off-piste skier, get at it after a storm (good luck), and know what you're doing-- Yurp can still be a breath of fresh air.
But remember: 6 inches off the piste and you're "out of the boundaries"-- officially no patrol, no avy control, no marked hazards, no resort covering your sled or heli ride down to the clinic if you get hurt. On the glaciers, the big crevasses miiiight be roped, the small ones might not be. And don't follow tracks you don't know-- we have some crazy non-pros here who huck cliffs, speed-ride (ski + paraglider), or repel/abseil like it was their job.
That said, Austria is still cheap, though prices are catching up each year. And the euro is relatively weak against the dollar right now ("only" 1.22 USD to euro).
I hope this doesn't sound too rough. I love skiing here. The scenery is incredible. The terrain is endless-- though dangerous. The food is hearty. The Bro-Brah scene is easy to skip if you're avoid a few places or a few places at certain times. Austrian apres ski is hilarious.