I'm not understanding, as an European who's been part of multiple startups how's that supposed to boost growth.
There's literally 0 startups I've been part of where data protection laws or even the infamous cookie banners have been anywhere near relevant (unless your business was literally profiling).
In fact the actors that most opposed those laws have always been non Europeans.
Sure, there is an attached cost in having your terms reviewed by a proper lawyer and documenting the entire list of cookie providers, but that's basically where it ends. It's really minimal effort and cost, we talking in the low single digits for the review, and few hours of engineering time.
The biggest issues in European growth are others:
- focus on being an export economy while neglecting the internal market.
- bureaucracy to fight at European level so we still don't have a real unified market, neither in physical goods (our economy's backbone) nor services which doesn't allow national startups to scale at European level
- very conservative and risk-adverse mentality. Young people in college can't wait to graduate and find the best paying lowest effort stable job. That's not a problem if it involves a majority of graduates, I imagine all world is like that, but you do have an immense problem if you have 1% or 3% or 10% of wannabe entrepreneurs.