Dewalt DWP 611. $US120. LEDs around collet that shine down on work. Variable speed control. Construction is more aluminum that plastic. Has 0.25-inch collet; though may be different in Europe.
Much more powerful that you would think based on the size.
I was really impressed with the quality of construction, fit and finish, and how quiet it operates even at full speed. Mine is used to cut plywood, MDF, solid wood, plastic and composite materials. Last material I cut was some purple heart wood; cut at about 1/3 speed, ran perfectly and never slowed. I use a high quality 0.25-inch solid carbide three-flute down spiral bit; cost about $US40.