A European Silicon Valley? Careful what you wish for.

London (CNN) – Europe’s internet economy is growing, but the continent lags far behind Silicon Valley’s high tech community in the U.S.

And while there are plans are afoot to level the playing field, Europe might want to be careful what it wishes for. Growing this sector may be painful.

Europe has pockets of highly-skilled and innovative brains in various cities around Europe: Silicon Docks in Dublin, Silicon Sentier in Paris, corners of Vienna and East London. But it takes more than bits of modern architecture and a few flat-screens to create the business environment for big-scale, global, web-based success.   More Read