Yeah I remember some big4 companies saying that France is among the easiest country to incorporate a company ( I think it was E&Y). The problem is more on : 1 - Europe can't have a common language 2 - Each country will support first their own companies, then US, then other competitive European companies 3 - A mess to expend outside of its own country. 4 - Culture of useless consultancy companies (Atos, Alten, Altran, Cap Gemini, Accenture, and a shit load of others) for France and several other countries killing any IT innovations.

And many more things.