The problem is the EU is still suffering startup drain to USA entirely because of market and regulatory burdens. We just saw this most recently with Heart Aerospace. They warned EU regulators repeatedly that it was very difficult to develop frontier technology in Europe. And then they eventually just relocated to California completely.
These are political and societal issues that are very difficult to solve. Not to mention that energy insecurity and cost makes Europe non-competitive from the outset.
https://www.heartaerospace.com/newsroom/heart-aerospace-relo...
These are political and societal issues that are very difficult to solve. Not to mention that energy insecurity and cost makes Europe non-competitive from the outset.