As a guy living in Europe myself, I find Eurovision Contest really offensive, and I believe it gives most Europeans a really bad name to non-European people. Here's why:
1) Lack of variety in music genres.
The most dominant genre in Eurovision Contest is either Vocal Pop or Dance Pop. Other genres hardly make it in the Eurovision Contest, so I'd say it's unfair for other genres as well.
2) Many Europeans aren't Eurovision fanboys and fangirls
Eurovision fanboys and fangirls really give the rest of us a bad name. We don't care to see a bunch of untalented and often unknown artists performing a stupid song for 3 minutes. And they don't even sing it live. It's lip-syncing (as I mention below at #5 as another reason, why it's useless.). Imagine what kind of impression they give to non-Europeans, making them believing that we are all so dumb that we spend our time watching this contest which is a serious crime against music.
3) Not representative genres for each country.
I believe most genres in this contest are not related to each country's standards. For example this band you see above is Bucks Fizz, a vocal pop band.They won the Eurovision contest in 1981 and they are British. Still they were miles away from the most representative genre of that era, in their country at least. Considering that by 1981, popular British bands were The Police or The Clash. Definitely not Bucks Fizz, so not representative.
It's not just a cult contest. But in Europe at least, Eurovision's considered a big event, just as big as Olympic Games. And that's a big reason why it gives Europeans a bad name, since it might make others believe all are so much interested in a lousy contest like Eurovision.
5) Singing in lip-sync
Ironically, it's called Eurovision song contest. Not even. Most artists who participate in Eurovision don't even sing live. It's just choreography and only, do it would be more accurate if it was renamed Eurovision choreography contest. Just ridiculous. You call yourself "song contest" when you don't even sing live?
6) Voting is inaccurate
It's obvious that each country vote with sympathies towards each country. Not because of the song. So in other words an unfair contest, as long as one of the most basic thing (voting), is not accurate.
7) Wrong choice of artists.
It makes me believe, that serious artists would never even consider participating in this contest. How many serious European artists like Krokus (Switzerland), Europe (Sweden) or Scorpions (Germany) ever took part in such a contest? Anyway, let's take a look at the UK artists for example.
Most of them are totally unknown,even for the UK standards and definitely not part of the mainstream scene of each era. I'm aware of the 70s,80s and 90s British music scene, and those bands above were definitely not part of the mainstream scene by that period. Maybe Gina G. was the exception. Well see #3 as well.
In conclusion: Just abolish this contest. It shouldn't exist. If you want to listen those untalented artists with their lousy songs listen them to your homes, instead of giving us a bad name to the rest of the world.
Just abolish it, so the rest of the world can take Europe seriously, and not as a land of Eurovision fanboys/fangirls.