I live in the UK, and as much as I love Europe as place to live, our future here looks very grim. Systematic problems multiplied to national inability to fund serious projects and cooperate at scale — this is a recipe for a disaster
Reversing that, what "meaningful" thing came of late, from lower regulated places? Germany specifically is hard at work on photon computing, just to bring an example. Switzerland is the global HQ for CRISPR.