Comments by "Paul Aiello" (@paul1979uk2000) on "Europe's Silicon Valleys" video.

  1. There's no reason why the Europeans can't do it, they've got a massive economy, especially if combined through the EU, they've got the resources and skills to do it, it's just a matter of having the political will to make it happen, and it does seem like the tech industry is growing in Europe, but far more needs to be done, especially at an EU level to pool resources together. In the end, if countries like South Korea can build up quite an impressive tech industry, the EU which has far more resources to play with sure can, it's just a matter of having the political will, cooperation among the EU members at an EU level and the drive to make it happen, which if they did get there act together, they've got the core ingredients to have a big tech industry like the US or China has, and having the EU as a big player in the tech industry would be good for us all as it would mean more creative ideas, competition and choice, we all would stand to benefit. Personally, I think it's only a matter of time before EU countries get onboard with the tech industry, the tech industry after all is the future so it's going to keep playing a bigger part of the world economy and this isn't just for Europe, it's the world that needs to get more involved in high-tech if they want to stay competitive long term.
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  2.  @ilkkapasanen2005  It depends, throughout the EU counties, languages is probably not as big of a problem as you think, a lot of people speak multiple languages and English is quite common in Europe, they already have a single market, but more could be done, especially with a capital market which they don't have yet. The real issue isn't any of the above you said, it's the lack of political will and drive to build a tech sector, but there are early signs of that changing, but we'll have to wait and see on that.
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  3. They do have scale, at least in the EU, companies have open access to the EU market of all its members, so over 450 million people. Regulation isn't even that much of an issue. There are two things that are really needed for a tech boom to really take off in the EU, one is the political drive to make it happen and two is having an EU capital market.
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  4. It would help if it was more coordinated through the EU, but a lot can be done at members level, you only have to look at the likes of Japan or South Korea, which are far smaller as economies go. It all boils down to drive and having the political will to make it happen, which in Europe, there hasn't really been much of a push in that whereas there has in heavy industry.
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  5. That isn't as much of a problem as it sounds in the EU, a lot of Europeans speak multiple languages and English is quite common among Europeans. Many regulations are already done at an EU level for its members, and others can be done at an EU level to kick-start a tech industry. It's just a matter of them having the political will to make it happen, they've got the economy, resources and skills to make it happen, now it just needs the political will and drive to make it happen.
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  6. Nah, they just need the political drive and a capital market at an EU level.
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