Yea, it's rather tragic. It's especially visible in tech sector. There is basically no success large player/story in EU (Spotify is more licensing and Skype was moved out) and instead of fixing the environment, EU just adds regulations and fines giants from US.
Let's regulate metaverse, let's regulate AI.... Large players from overseas will pay lawyers and small ones will avoid EU and local ones are stifled.
Tech ... nothing. Automotive ... will be killed by Chinese EVs (good luck with tarifs when most profits of domestic OEM are from Chine)... Manufacturing... Most of it is gone, but some are still hanging on (Siemens et al). I guess there is a fasion/brand and turism.