Now that ESA has boycotted Russia and doesn’t launch any Soyuz rockets anymore. And with the Ariane 5 being terminated while waiting for Ariane 6 to perhaps being launched for the first time next year. Until then relying on the tiny Vega little rocket.

Does it look good as it is, or does it not look very good for the European space program?

Spain “coordinating” its 11 different programs with the failing one. That might solve the problem! Or perhaps not very much soon.
I used to be an optimist, but aging is teaching.