EU regulators have stop listening to tech company lobbyists.
The only short-term solution is more regulation and more EU-centralized solutions, but of course this is only ok until the next chat-control drama.
Long term, in practice we need single European stock market and a way to provide funding to European companies from any member state, so to be competitive globally without being constantly restricted by every member state’s bureaucracy.
New York alone has 2 stock exchanges. I don’t think that companies being listed in London, Paris and Frankfurt (they generally are listed on several anyway) is the actual issue.
Especially these days the stock market is the very final stage anyway, most funding for growing tech companies is private funds, vc etc.
When Trump was invading Denmark, a huge % of Danes would've given a shit about sovereignty from the US. And that's the moment to pounce.
There shouldn't need to be. Realistically for something like this an EU backed highly-audited non-profit should be in place for permanent highly controlled services like this that do not rely on any non-EU entities for it to function.
There is no reason to believe that the EU (rather than the market participants in the EU) is in any way capable of that regardless of the amount of political will.
Spending massive amounts of money without knowing what you are trying to do or how will just result in a massive amount of grift and corruption
For this specifically EU could surely (only in theory since statistically the average EU bureaucrat is a pompous idiot to whom the word “accountability” is an entirely inconceivable concept) have something developed for a sane price in a reasonable amount of time.
I hear them complaining but for now, the alternatives are mostly run by hobbyists.
We're starting from so low that even a few dozen millions would help a lot.
Edit: 2000m/7 is 285m, not 466m.
they do.
> 250 million isn't much ...
sigh.
If the EU was trying to decouple they'd mandate at least including a hardware token option as an alternative. This is not new technology, it's existing and has been in use for decades.
They're not trying to decouple, so they haven't mandated it.