Fiscal Stimulus and Strategic Investments are completely different things. " The better answer is to let the state invest" - it's never easy. Or rather, the '

Fiscal Stimulus and Strategic Investments are completely different things. " The better answer is to let the state invest" - it's never easy. Or rather, the 'easiest' it can be is when you have money coming out of the ground (or water) i.e. Statoil. Airbus is a commendable success, but in a way, it's more structurally solvable: build planes, much like the other one's but better in some ways, and supply the domestic market. The planes are not that-that hard to build, but it requires investment and very long term planning. With chips ... which tech? Who are the customers? Where is the business going to be in 10 years? Can the EU do things to require/guarantee income for the project? It's for the same reason the EU hasn't invested to create the next FAANG either. That said - I'm surprised they haven't tried with some things like Netflix, AirBnB and Uber, which have tremendous individual and cultural impact and are not necessarily difficult in terms of tech.