converting the maximum budget: €220 would perhaps get you a G27 on special offer (I see them listing at €260 minimum over here), otherwise the only decent FFB wheel+pedal sets really in your price range are the Logitech DFGT and Thrustmaster T100.
The cheapest Fanatec wheel option would also be €260 for the GT3RS wheel and CSR pedals (or the CSR wheel and CSR pedals bundle), and there's no way that would be discounted down to hit your budget.
Of those options actually in budget the DFGT wins for being 900 degrees with higher quality FFB, however the 270 degrees only T100 is confirmed to also work on PS4 games including Driveclub and pCARS: DFGT is PC and PS3 only. So it's quite easy: Buy the DFGT, ghetto mod the pedals and consider ghetto modding the shifter paddles. Enjoy.
To expand slightly on the wide world of FFB wheels:
I have been collecting wheels for years now, and currently own a DFGT, G25, Fanatec GT2 (same internals as GT3RS but with XBox360 support added), T300 and T500. I can certainly confirm that more money generally gets you a wheel with less compromises, but spending only a little more money gives you a wheel with different compromises, not necessarily a better experience - it depends a lot on which compromises you personally like and dislike.
And please note: A more expensive wheel usually gives you a more immersive and satisfying experience, it doesn't necessarily make you faster.
I'll illustrate that with a few anecdotes:
- I always found I could drive fast and accurately with the DFGT, however the pedals are poor so braking accurately was a challenge (didn't ghetto mod mine) and I didn't enjoy the shifter buttons or the nasty sequential lever. Furthermore the DFGT's motor isn't so good at freewheeling and gets in the way when you want to spin the wheel quickly, which makes drifting very tricky.
- The G25 and Fanatec GT2 wheels are quite similar in capability: similar power, similar accuracy, nice shifter paddles, good pedals, but while the Logitech has cog rattle and a smaller (leather) rim, I ended up preferring that compromise to the Fanatec's nicer alcantara rim, smoother belt-drive but much greater turning resistance. Oh, and I had trouble with the ergonomics of the Fanatec due to the thickness of the rim and the size of the elements attaching the rim to the central hub, hand position was always slightly uncomfortable.
- The T500 is clearly twice as powerful as the G25 or Fanatec GT2, but despite being belt drive it actually feels notchier than the GT2 (nowhere near as bad as a G25 though). It offers turning resistance in between the G25 and Fanatec, has a more ergnomic rim, and that power is a lot of fun. Modern race sims are starting to develop their FFB engines to use the dynamic range of the more powerful wheels on the market, so having that extra power gives a lot more nuance and quality feel to the FFB. Oh, and the T500 works superbly well in GT6 on the playstation.
- The T300 is my current favourite wheel: It (like the €1000 Fanatec CSWv2+rim) has a modern brushless motor with belt drive which allows it to be very smooth (only tiny notching, no cog rattle), more powerful (half way between G25 and T500) but still spin as easily as the G25, very low internal resistance. Yes, the pedals with the T300 are mediocre (only slightly better than DFGT ones) but I still find myself enjoying PC sims more and beating my personal best laptimes despite the pedals. You pay for the FFB quality with the T300, and for the price it's worth it (I regard the T300 as one part of the €500 wheel base, rim, pedals and shifter set for which you need to buy the T3PA pedals and TH8A shifter separately, modularly like Fanatec)
Anyway, I hope this was helpful in giving a glimpse that each wheel comes with compromises. Most important is to have a decent wheel (DFGT counts there) and to just enjoy sim racing.