Wow. Does the EU intend on basically killing their economies? Online commerce is a huge deal and would be heavily impacted if people didn't trust their connections.
Well, for now most people do trust the states and don't know the implications of this. The EU could have just as well modified e-commerce and other pages before everything was encrypted.
I also don't know how certificate pinning is impacted by this (which would mean that simply creating another cert from a EU root cert would at the very least be noticable)
Why would people worry? We already have mobile phones, televisions, cars, etc., continuously monitoring and sending private information about ourselves and our relatives to external parties that we may don't even know about. This -if comes to be true- would just mean that more parties could have access to our data. But who cares once we are already giving it for free?
I also don't know how certificate pinning is impacted by this (which would mean that simply creating another cert from a EU root cert would at the very least be noticable)