Firstly, I can't see how Europe can be competitive and survive in the medium-future with all its outdated technology, inefficient systems, and backward mindset. The society seems to be content with the status quo and is ignorant about how fast the world is evolving. People seem to be short-sighted and lack the aggressiveness/ambition found in Asia/US. Secondly, education rigour generally is behind Asia as the schools tend to focus on "creative thinking" and liberal arts versus STEM and test-driven culture in Asia. By no way am I against "creative thinking" and problem-solving skills, but I disagree that should be the focus of a school; it is possible for me to motivate and provoke the creativity and applications of formal theory/knowledge gained in school but is impossible in reverse. In Raffles SG, La Salle HK etc, the education is very test-driven and academically rigourous which I see enforce strong discipline and a scientific mindset. Thirdly, European fiscal situation, demographics, and macro-picture only seem to be in decline and everything is over-regulated, so building a trading operation here is a no-no. Furthermore, used to living in Tokyo/Singapore/HK, life seems very inconvenient here even in the big cities, with people working slowly and scratching their butts then doing siesta. For example, merely buying a customised high-performance computer here seems like a headache, can't imagine having to fix one.
Given the above views, I think raising a kid in Europe (at least South) seems more like a vanity project than anything else.