Europe with its hyper regulation and culture against change has stifled its own economies to a level where now they need to outlaw foreign competition...just let that logic sync in!

Instead of making their laws more attractive to innovation (by rethinking things like GDPR which just strengthens large companies or improving bankruptcy/Insolvency laws) the best idea they have is to outlaw them in hope this will create a vidid startup ecosystem...good luck with that.

Here is what you need to do: 1. Invest more in education, specially: Teach people how to be independent learners, self management, self motivation, etc. 2. Remove all hurdles to incorporate a business (should be as easy as signing up for a Facebook account). 3. Make it safe to fail by rethinking bankruptcy/Insolvency laws 4. Provide a social safety net for failed entrepreneurs so that they can get back on their feed quickly and try the next thing (to be fair, many European countries do this well already at least when it comes to healthcare) 5. Simplify the tax code so that entrepreneurs don't have huge overhead (hint, this could all be done by software) 6. Make it easier for small to mid sized businesses to hire and layoff employee's...have the government pay the bills. 7. Create a strong VC community with attractive tax laws

I once owned a mid size business in germany, and when the economy tanked (2008) and I had to declare bankruptcy the government fucking destroyed me...to the point that I left the country and never looked back! Thats not how you encourage innovation and competition.

Instead I moved to Silicon Valley, where I was allowed to fail a couple time more before I got the chance to drive home multiple exits and build 100M dollar businesses