Europe, Overrun by Foreign Tech Giants, Wants to Grow Its Own

The NY Times, a general critic of tech companies in the US, does note the industrial policy behind European aggressiveness against US tech in its article (and headline):

Europe, Overrun by Foreign Tech Giants, Wants to Grow Its Own

The European Union outlined proposals to bolster its digital economy and keep it from being overly reliant on foreign companies, while cracking down on those companies.

 

No doubt it is very hard for European competition authorities to do their job (economics-based analysis to determine harm via merger or conduct) under such circumstances.  Hopefully, they remain steadfast in their mission in the face of such strong political pressures.