A couple of years ago I went to a conference on EU innovation programs. A lot of high profile speakers - the European Commissioner for Innovation, prime ministers, top EU bureaucrats dealing with technology. Essentially most of the people who manage the EU innovation investments. The impression I got was they have no clue about technology. They don't fund companies doing real innovation because those don't have some sort of certificate (and EU issues just a few of those a year and they go to well connected people, and not real innovators). ...
AKA corruption. It seems much worse than in the UK. The EU contains governments like Hungary's which are well known to be dodgy. French ex-president recently convicted of fraud...
The EU has also crippled itself with silly regulations.
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