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There is also an element of hubris where Germany and the EU so badly wanted to have a tech champion emerge that was competitive on a global level, where they looked the other way anytime someone raised concerns. The FT has been criticizing Wirecard for yrs..

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The EU has plenty of tech companies competing on a global level. They're not the ones that you may think of but they're there regardless.

German government, politicians are investors are too conservative to invest in tech companies that are not run by their peers.

The EU is far larger than Germany, though it is definitely one of the larger economic drivers. But France, Sweden, Switzerland, the Netherlands and Germany too have their own contributors who quietly perform and try hard not to attract too much attention to their origins.

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