Fashion and reality. It is rather fashionable to say that Europe has no industrial policy. Very often, those who decry this deficiency are same people who have long opposed all attempts to define this policy (the very words "industrial policy" were long banned fromEuropean discourse). But the reality of the situation can be summed up in two points:
- the EU cannot take on an all-encompassing, inflexible industrial policy doctrine, because situations (as well as election results, both...