Perhaps you mean "investment" rather than "speculation"? All mainstream European politicians are in favor of more growth, more investment, more industry, more

Perhaps you mean "investment" rather than "speculation"? All mainstream European politicians are in favor of more growth, more investment, more industry, more jobs, and so on, across the continent. The parties who are about "de-growth" are marginal, even as the climate crisis is on full steam. The actual problem is lack of pro-risk capital. Almost all of Europe's capital is concentrated in 1) conservative industry giants, and 2) huge conservative pension funds. Basically all capital in Europe, public as well as private, is risk averse. There are very few actual "VC"s. I'm not sure that's unambiguously a bad thing, but it is the difference.