It would be nothing more than a technical demonstrator at best at worst it would be a waste of money, the NATO countries would be concerned but it looks like a smaller f117a nighthawk so the Americans would ask where the designs came from.
a) why would this be a waste of money while F117 wasn't?
b) why would other NATO countries be concerned? Except concerned as in "how much do 50 of those cost and can we build 45 of them at home in license agreement"?
c) The designs come from a book by a Russian mathematician that is available at any library to anyone who asks, and the blocky shape of both Lampyridae and F117 comes from the fact that 1980s computers were not powerful enough to calculate smoother shapes. There is nothing terribly secret behind stealth technology, only lots of money and will to spend it to design a plane from scratch. All the underlying principles are well known since 1920s - 1950s.
The Typhoon would not be started until about 95- 96 and first built in 2001-2003 so a big knock on effect for the conglomerate, no work share for any of the four countries and loss of jobs for UK,Spain and Italy and it would mean the death call of British fighter aircraft production which we could not get back, we would be dependent on either French or American planes.
Why? The Lampyridae itself even if built is going to be mostly a technical demonstrator; a serial plane based on it may well end up being built all across Europe. I doubt MBB alone would have the capacity to build enough of them even just to supply Bundesluftwaffe, not to mention the rest of European air forces. And large series is a great way to reduce the costs.
There is however a story, that after the first flight demonstrations of Lampyridae an American delegation visited MBB headquarters; after which the plans were hurriedly scrapped. Whether it was a political pressure by the US government, or merely Lockheed being themselves (F 104 Starfighter, anyone?) and bribing the potential competition into acquiescence, is not known.