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It certainly has a lot of folklore to work with. Fairy and dragon types all over the place, too.
And going from how Little Witch Academia portrayed it, it could make for a charming region.
Also
>It seems to have the same climate/culture as France.
Was very funny, OP.
That said, the next gen could be good in all manner of places. Hell; make it Gotland or the Adriatic and go full Ghibli.