[seydor]

FWIW the EU is a basically a large subsidies-handing body. They do pick winners (like with solar companies) but it did not work.

[joe_mamba]

When those in charge of handing out the subsidies are both corrupt and incompetent, it's tough to make it work.

Unless of course, the point of the EU subsidies is just to be a wealth transfer program from the taxpayers to politically connected corporations.