I don't work for BA, and I'm not an airline employee. I'm not defending them either, but your basic ticket cost was for transportation. If you paid EXTRA for the features you did not get, you should be entitled to compensation. If BA has determined those features are worth 150 EUR, it's difficult to prove they were worth more than that. You might use the argument that you should be compensated the difference between the regular economy fare and the World Club fare, but that might be even less than 150 EUR.
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