Innovation is the driving force behind today’s tiger economies and it seems that the US has the leading role in this race. Europe is trying its best to enter the net economy but it feels much like an army sergeant ordering recruits to have fun. Allow me to elucidate: when I did my army stint, occasionally third rate folk and pop singers would be brought to the camps, we would be gathered around these muse encumbered howling individuals and a sergeant would bark “You have fun now”.
Much in this fashion European and particularly Greek officials built technology parks that would foster research and development, offer some tax and other incentives spend vast sums of money and the net result is about the same as the forced fun a recruit derives by being ordered to.
You must have an entrepreneurial friendly economy to foster and be powered by innovation. All else is just waste of resources at best, scandals at worst.