EU productivity is already lagging its peers. Being locked out of having the most cutting edge technologies will further plunge the block into a productivity decay. Less productivity means everyone in Europe will get poorer, with declining living standards. This is not an outcome Europe can afford, especially considering its aging workforce.
There is no silver lining to this. The EU has to stop strangling its most productive industries with onerous regulations, and allow markets the freedom to innovate and increase productivity.
There is no silver lining to this. The EU has to stop strangling its most productive industries with onerous regulations, and allow markets the freedom to innovate and increase productivity.