Europe does every thing except the only needed thing, paying up. Not just for this, same for finding startups, helping Ukraine or Palestine.
It's a marriage of convenience between states that know they are ignored if they speak on their own. But each of them sees all others as a way to amplify their own voice but surely not have an independent thought. It's the penultimate example of trying to herd cats.
Europe is good at commerce because it has to, the member states want to sell to each other. In the same way, it's bad at politics, military and vision because it still can afford to.