No, we Europeans don't talk 4% faster (okay, some US people feel I talk to fast and usually too much...) but we watch Twin Peaks running 4% faster because of the PAL speed-up in our video system (on the other hand we don't suffer from the NTSC "judder" - well, HD is going to change that unless video equipment is 1080p/24fps compatible).
I'm from Berlin, Germany. And forget these fxxxing stereotype images you get about Germany from movies like BEERFEST or Heidi from Twin Peaks (!!!). Bobby Briggs presumption is not correct: "I thought you Germans are always on time?"
I'm usually a late runner, so much for this other stereotype 
Having had extensive experience in participating and organizing fan conventions (STAR WARS and STAR TREK) I think the ideal place for some Euro TWIN PEAKS festival would be somewhere in the London area.
Flights to London are rather inexpensive today, the only real cost factor is hotel accomodation. In simpler language: Somebody living in the UK would have to seize the initiative and do some research for a site and inexpensive accomodation (preferrably with a Red Room...).
As an alternative, a place in the Netherlands might be fine, too.
I'd really love such an event that would bring TWIN PEAKS aficionados from Europe together to share ideas, interpretations and the like. It's nice to do this on a board but there is nothing next to the "real" thing.
Walk Boldly!