The Acer Liquid Z4 goes even further into the value niche, priced at €99 ($135 USD). This model has a dual-core 1.3GHz processor, 4GB of native storage, and a 5MP f/2.4 rear camera. Both the Liquid E3 and Liquid Z4 will have Android 4.2.2 pre-installed and will arrive in Europe around April. Don't expect a U.S. launch of the two models.
If you're looking for a low priced value Android phone in Europe, you might want to wait a couple of months and check out the pair of Acers that will be up the sleeves of phone retailers on the continent.
Render of Acer Liquid E3