A low cost, all European, manned launcher.

Very many do when they only cost a few hundred million dollars in development cost, such as for international, privately financed business jets or for countries developing their own small military aircraft.
It's when such aircraft development cost in the billions of dollars range that you need the Boeings and Airbuses to develop them.

Not really, again, you need to look for the details there. Only few countries have the industrial base to build aircraft.
 
Or aircraft that can compete in the global market.

And that as well, but compete in the global market is even for many European countries a big problem... Thus we have now big companies like EADS and BAE AND also have them work together as Airbus for bigger projects.

It is already a big success, if a country can have small companies building small aircraft with parts from other countries.
 
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