Predictable that this would have happened. The EU operates on the Precautionary Principle, where innovators have to proof they will do no harm prior to innovation and policymakers have the illusion that they can central plan innovation and their preferred end result. And they do this with the illusion that policy does not cost anything. Reagan started targeted deregulation, the Republican House and Clinton solidified it. From this point onward you see the two economies diverge drastically, with the US far outgrowing the EU. This is one of the reasons I am looking at moving to the US.