The paradox of Europe's space efforts is that it has the money and technical expertise to be number 1, but is always playing runner-up, and is now third behind the US and China. ESA - Europe's equivalent of NASA & China's CNSA, has 23 member states - most of which have their own national space agencies too.
This fragmentation and diffusion has always been a huge problem, now ESA has another. NASA is abandoning it's biggest joint NASA/ESA project. The ill-fated SLS/Gateway/Artemis Moon landing program is up for the axe in the latest NASA budget. Taking its place (and money) will be plans to pivot to Mars, led by - you guessed it - a certain South African's space company.
Will ESA do something decisive as it readjusts? If past performance is any guide, don't hold your breath. Then again, maybe this time might be different.