> Are you telling me the EU, the richest block in the world, has less money to spend on fabs than TSMC I didn't say we don't have the money, but that it's a pr

> Are you telling me the EU, the richest block in the world, has less money to spend on fabs than TSMC I didn't say we don't have the money, but that it's a problem to commit the money. It's basically the norm that EU countries unanimously agree that "something should be done" on a certain issue, but then disagree on how much it should cost and where the money should come from. This gets more and more complicated the bigger the cost is (and this is an expensive idea) and the farther we are from the regular 7-year-budget process (it was last agreed in 2020, so jockeying for big items will probably resume in 2025-26). I don't disagree on the overall lack of vision in European political classes (hardly a fault of the EU, it's common to basically all countries and all levels of government), but even a visionary leader would have to work hard to get agreement on such a big project.