It is not directly related except by the fact that the dynamic is the same and that it is a repeat of the previous attempt.
There are 2 clear things that is so common in Europe:
Politics injecting a shit load of public money thinking that if you give the money you will be able to reproduce American company success and co.
In the end, the money is wasted for their own interest by big groups, intermediaries, and opportunists. When the thing fails, it is the fault of no one, it was just "too hard" and "maybe the money budget was not enough for such a subject"
This is totally different to what leads innovation like Google, where you have doers that create something first and when they are able to show or convince that they have breakthrough, money will flow in by itself.
And at the beginning cash is used for brain and development instead of giving big salaries to top management and political friends.
The second thing that is usual is the pattern with this kind of projects:
- corporate sucks all the money
- responsibility is shared between multiple actors to spread the blame in case of problem.
- project fail and corporate give up. "Not their fault"
- one year later the initial hype subject is back on the table (European search engine sovereignty for ex) and politics announce that they will spend that much more money to resolve it
- same corporate vampires starts again from zero...
- and it fails the same in a loop