This is another example of corporate welfare masquerading as a jobs plan, combined with protectionist sentiment. The central planners will take money out of the productive economy and spend it on a corporate giveaway to favoured interests. Jobs that otherwise would have been created in the productive sector will be lost, while only the 240,000 pork barrel jobs will be noticed by the superficial. Whether Europe is best positioned for the robotic industry will be ignored. Instead of this boondoggle, it would be better to leave well enough alone and let jobs be created where they are most needed, and let comparative advantage and the specialization of labor decide Europe's share of the robotics market.