It's the typical european approach: Spread your funds everywhere and evenly until not enough money is left to create something with enough punch to make a difference.

You can observe this approach in many places:

- Research. (Take a look at the recent billion euro graphene project. A billion is not so much if you divide it between 140 universities and spend it over 10 years)

- Education. (What was the name of the really good German university again?)

- Industrial clusters. (The US has a place for airplanes, one or two places for semiconductors, a few places for cars. What about Europe)