Europe built what they were building, getting their aircraft in 1990s(Sweden)-2000s(France and EF club) from a set of programs dating back to early 1980s. During the development, at least two(not sure about gripen) considered stealth redesign, but there was just enough will to finish what's being already done. Nothing more.Frankly speaking, Europe is one generation behind. Eurocanard are all 4.5 generation aircraft after all. Britain and Italy are indeed involved in the F-35 project, but it is difficult to develop a 5 gen aircraft without the Americans, let alone 6 gen. And France and Germany cooperation, which actually mainly rely on France. In my opinion, Europe can only catch up with China and the United States if it cooperates as a whole, rather than splitting into two separate projects.
Note, that technically it's totally possible to produce a stealth aircraft on eurofighter/rafale tech base, but this opportunity couldn't be used. Problem with gen 4.5s was the same as problem with gen 3s 30 years before(coming about together with f-14/15/16)- they were conceptually behind, not technologically.
Most of Europe already happily buys f-35, which is literally the last thing their defense(i.e. actual need) may ever require. Offense several borders away in a larger pack of dogs(preferably behind us, since they don't have will to buy armament stocks either) - sure, that's what they do.
Among 'European' nations, only Russia had this will(and btw this is why I use will and not money - look who's the richest boy in the club) to scrub its 'eurocanard' and instead go from scratch.
Western Europe doesn't have this will to design aircraft in half generations, so new one could only come after the previous one ends its useful life. It isn't the same as they were technically unable to produce it - European know-how in general is world level. But will... it's hard to justify even what they do when realistically European nations feel no threat.
Russia is very very horrible, but last time Russian troops were in western Europe was in 1814. Delivering speeches about threat is one thing, believing in them is another.
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