Yeah, the whole analysis is frankly idiotic. What Europe should actually be doing is figuring out how to bring down energy prices, which in a sane world would mean working with China to create nuclear and renewable infrastructure. Then Europe should think about how to produce basic shit people living in Europe need domestically. None of Europe's problems stem from lack of high tech. All the tech that Europe needs is mature and well understood. Of course, as long as Europe continues to be a dictatorship of capital, nothing sane will be possible.