A group of European governing institutions have approved a program to invest €120m ($134.7m) in public WiFi hotspots in over 6,000 municipalities in all European Union member states by 2020. But the WiFi4EU initiative, first proposed last September, seems to ignore recent history – which has seen the closure of almost every municipal WiFi project. Other models have overtaken that state-funded one, and the EU project looks too little, too late to be more than a waste of money. For instance, iPass data indicates that Europe currently has 87m community WiFi hotspots, otherwise called homespots (home WiFi routers with a second SSID left open for public access), in 12,721 municipalities. This gives an average of 6,840 homespots per municipality in…