Europe is too much focused on regulation and not enough on CREATION. Most big companies in Europe date to the late 1800s, when there was a boom in the stock exchanges and when many new public stock companies were created.
Modern day euro politicians only know how to slice the cake and none of them knows how to bake a new one. They seem to not realize that innovation does not come from 100 year old corporations or by direct government action.
Airbus worked out quite nicely and it could work also for the world of computers, software and communication. If we only had politicians like Strauss, who could oversee the creation of something competitive and useful.
There would be plenty of opportunities in modern day computing, such as unhackable computers, privacy-respecting software/systems, sovereign computing and so on. But alas, modern day euro politicians are only strong on ego and otherwise mostly incompetent.
Defence ministers who never soldiered, health ministers who were bankers, teachers, lawyers.