@ europe must be desperate for money
First, "Europe" is not a company, let alone a single nation. It is entirely reasonable for them to offer minimal, albeit slow, action against Intel's practices.
Did you consider that if companies like Intel are doing this, that's a large part of why someone else can't compete, that they have deprofitized competitive actions to the point where a competitive startup would be quite difficult. Look at nVidia, their foot is in the door and even they can't keep a straight face and vie for 4th place after Via.
The notion that all the smart people leave Europe is absurd, except to the extent that those most talented, given the will to do so, will go to where the work is which brings us back to square one - Intel's behavior making competition difficult for a startup to succeed at all, even AMD's bottom line shows as much despite having a close enough price:performance parody, sometimes even an advantage, in the high volume lower end market segment.