Nope, because that's an EU law, the ones collecting speeding fines are national governments. And the saved lives, and resources from having less traffic police, will probably make up for the fines lost anyways.
I predict that the politicians will, after much grumbling by the public, have the speed limits raised to reflect the speeds people actually want to drive. And then we'll have to endure a bunch of breathless hand wringing and concern feigning about how "it will be a bloodbath" from the usual suspects.
That's already happening with insurance. Some insurers are offering "safe driving discounts" if you install their app, which tracks your speed. If you exceed a speed limit, you lose the discount for that month. It's your problem to remember to disable it if someone else is driving.