Europeans to be taught about failure and risk-taking

The European Institute of Innovation of Technology (EIT) is a classic example of what can happen to a big idea once it runs the gauntlet of the EU's 27 member states.

The brainchild of European Commission President Jose Manuel Barroso back in 2005, the EIT was to be the European Union's answer to the Massachusetts Institute of Technology, the prestigious American university home to some of that country's finest scientific minds.

But member states did not play ball. They sniped abo...