It's basically micromanaging an industry that European countries have not been able to cultivate themselves. It's legislation for legislation's sake. If you had a naive hope that Mario Draghi's gloomy report on the EU's competitiveness would pave the way for a political breakthrough in the EU - one is tempted to say something along the lines of communist China's market reforms in the 70s - then you have to conclude that the EU is continuing in exactly the same direction. I have actually lost faith in the EU.