> Europe is incredibly risk averse and is more interested in capital preservation than growth

There exist quite a lot of people in European countries who are risk-affine, but these are not necessarily good at handling the insane amount of red tape.

Believe me: in Germany, there exist quite a lot of people who would (assuming they could, and this criminal act will never be solved) immediately love to kill the politicians who made these red tape laws, and the bureacrats that enforce them.