It sounds nice, but for that to happen there'd have to be a fundamental shift in how web technology is shaped. I think Europe will plan an increasingly importa

It sounds nice, but for that to happen there'd have to be a fundamental shift in how web technology is shaped. I think Europe will plan an increasingly important role in the future of the web, but that will likely be a slow rather than dramatic shift. There could be a dramatic shift -- say, if the current US economic downturn is protracted and investment / exit opportunities in the US are significantly less plentiful than in Europe, but the more likely case is that if the US economy continues to perform poorly that it'll drag the EU down with it.