The impossibility of a European industrial policy

Europe would like to implement a European industrial policy to grow production in Europe of renewable energy equipment, medicines, connected objects, etc. But there is one major problem. Europe is characterised by: Low labour mobility between countries; The absence of a federal budget. If Europe funds a strategic industrial investment in one European country, there is no mechanism by which the other countries benefit from this investment: there is no redistributive policy between the European countries. This requires: Either Europe’s industrial policy to benefit all countries: a European hub cannot be created for a high-growth industry in one country alone; Or industrial policy to remain at the level of the individual European countries.