Earlier quoted context omitted.
Europe doesn't need to create these companies. If Europe used this money to create the infrastructure for smaller companies to work together horizontally and vertically to form similar offerings they could end up with something better, at lower cost. This is a model that worked extremely well in Japan in the latter half of the 20ths century, and was mostly responsible for its economic miracle: https://en.wikipedia.or…
Nope. Big IT (which is highly creative stuff) cannot be built top-down, only bottom up. Europe is and will be an IT wasteland.
But that is something different that taking all the funds by incumbents.