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That's not necessarily true; as the EU had many major players, especially historically: SUSE, Ericsson, Nokia, SAP; all were or are being shredded by US competi
by gjsman-1000 1y ago
That's not necessarily true; as the EU had many major players, especially historically: SUSE, Ericsson, Nokia, SAP; all were or are being shredded by US competition despite a domestically entrenched position. Even in 2008, when both economies did badly, the EU and the US had nearly identical GDP figures.
The EU might point to ASML as a point of pride; but that assumes an ASML competitor wouldn't get tens of billions to compete the moment ASML is inconvenient.
- FirmwareBurner 1y agoASML (plus Airbus, SAP and Spotify) can't feed 300 million EU workers. Europe needs more than just a point of pride on the entire continent to be an economic powerhouse. Like we say in my country: "a single bloomed flower does not make spring".
- Rexxar 1y ago2008 was a point where euro was overvalued compared to dollar at 1.60$ after the subprime crises. It's not a significant number.