Miles and More is not just Lufthansa’s frequent flier program, but includes the Lufthansa group of airlines (Lufthansa, Swiss, Austrian and Brussels) and couple of smaller European Star Alliance carriers like LOT.
Miles and More has extensive list of Mileage Bargains from number of European and international destinations. The booking and travel dates are sometimes quite limited, but if you can take advantage of these offers you can easily save close to 50% of the number of miles required.
It probably doesn’t make any sense to book economy awards using Miles and More miles because Lufthansa charges very extensive fuel surcharges on international awards. Sometimes these fuel surcharges can be more than a paid ticket on the same flights. Doesn’t make much sense, but does happen.
Here’s an example of taxes/fees for a business class ticket from Atlanta to Berlin. The real taxes are about $200 and the Lufthansa “junk” fuel surcharge is $806.
Mileage Bargains ain’t a bargain fee wise, but used correctly can save you a lot of money over business class tickets. Just don’t book economy.