This kind of ignores the alternative reality. The idea that well if not Concorde then nothing else would have existed and whatever would have existed wouldn't have been 'European'.
This isn't really true. If you look at the British case for example, there were alternative planes in development that asked for British funding. While those projects were British lead, they had specifically designed them to have suppliers all over Europe, including France.
Now that plane could have been a failure or a success, we wont know. Looking at the design, it seems to have some potential.
The French on the other hand might have invested their money in another kind of plane primarily from France but with supply chains outside of France as well.
You could see something like Airbus emerging out of that too. Or maybe something that wasn't Airbus but like Airbus. Or a you could see a British lead company that has success in the narrow body world and later a French plane with success in the Wide-body world. Those could eventually merge.
History could have gone many ways, and could have failed many ways. That we have Airbus now does track back to Concord, but is not true that its clear that without Concord we wouldn't have something Airbus like.