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i have the same problem, any 1 has a solution?
Please follow the process in my first post here.

Hello! I have about the same problem. The launcher starts normally, and when I click "play" in the launcher, it says that the game could not be started. If you try to run the game through the folder, it says "an error occurred while starting the application (0xc000007b).

Already reinstalled all 3 times. Post 2 also did, It did not help. Help me please! Thanks!
That is not at all the same problem. The OP cannot run the launcher but the game runs okay, you have the exact opposite.

Yours is likely missing MS modules. Install ALL these Microsoft modules:

https://www.microsoft.com/en-au/download/details.aspx?id=8328
https://www.microsoft.com/en-au/download/details.aspx?id=13523
https://www.microsoft.com/en-us/download/details.aspx?id=52685
https://www.microsoft.com/en-us/download/details.aspx?id=8109
(run dxsetup.exe after extracting from this download)

If that doesn't help please start your own thread, thanks.
 
Have you moved your Windows User Documents folder somewhere else perhaps?

Please try this:

- exit the Steam app completely
- uninstall Paradox Launcher v2 from the Windows "Apps and features" utility, if still present.

Delete the following folders if still present:
- C:/users/<UserName>/AppData/Local/Programs/Paradox Interactive/
- C:/users/<UserName>/AppData/Local/Paradox Interactive/
- C:/users/<UserName>/AppData/Roaming/Paradox Interactive/launcher-v2/

- run steam.exe as the Windows Admin user
- run EU4 from the Steam PLAY button

I hope that works for you!
Thank you, bro! I had that problem, and u helped me so much.