[troad]

I think this seems like a fairly extreme and unlikely worst case scenario. I'd be sceptical about the EU's ability to actually implement something like this - there are limits to both what American companies are willing to do (e.g. Google leaving China), and what some of the more historically liberal European states are actually willing to tolerate from the EU level (imagine the blow to business confidence).

That's not to say that the present proposals aren't already bad enough.