Who gets the money shouldn't be your focus, it's that there's even talk of anyone building such a system at all that should be the focus.

Europe has a long history of government abuses of human rights. There's absolutely no guarantee that such a system being designed and implemented by people in Europe as opposed to the US is a safeguard against any sort of human rights issues.

What do you mean, you don't think a party named the "Alternative for Deutschland" would make benevolent use of such systems when it gets into power?