Literally no one with a fifth grade education believes this.
Translation: European businesses aren't competitive due to the regulations we crushed them under, so now we must crush others to bring them down to our level.
Only the EU and a few other countries will get browser and App Store choice (initially). If you're in the USA, don't worry. And it's not worth getting angry about something that won't even affect you.
Until people realise that they like the choice that they have in the EU and there is increasing clamour to have it in the USA too...
It's true that the EU missed the boat on the smartphone revolution - like RIM, Nokia was making a tonne of money on handsets and failed to innovate.
But it wasn't regulation that caused Nokia to fai.
Just like RIM, they did it to themselves, by failing to innovate.
And true, Europe was pretty bad at grasping the Internet and the web. I'm not sure why, I'm sure that there's a book needing to be written about that.
As to European companies being crushed by regulation...
Along with Boeing, Airbus (France) is a major global player in making commercial aeroplanes.
Germany and Italy's car industry wasn't too shabby the last I looked.
France is a global leader in making nuclear power stations.
Ericson and Nokia are both world leaders in mobile telecommunications infrastructure.
Denmark has LEGO. Sweden has IKEA.
There's probably loads of other companies and industries that I haven't even mentioned or thought of too.
The EU is doing OK despite all of that regulation.