Some politicians are too stupid to understand when something has failed, and why it has failed. In this case, Google is offering a free service to anyone that wants to find news, and in the process, the news outlets get a lot of exposure, which can (and does) lead to more people visiting these news outlets sites.
Every time someone passes a law that says "If you aggregate any copyrighted material, you must pay a fee", Google is going to withdraw the service since they do not place any advertising in the news section, and as such, gain no revenue from it.
How this is supposed to suddenly work by making it an EU-wide law vs being single country laws is very difficult to understand. The only thing that changes is that 26 countries would be affected at once, and if that were to happen, Google would simply kill the news section for all 26 of those countries. And since Google News drives huge volumes of people to these news sites, you will see the news sites SCREAMING for an exemption to the law, or a repeal of the law, so that Google will resume driving the huge numbers of people to their sites.
The only losers here, if the law is enacted EU-wide, is going to be the consumers and the news outlets. And since both have a reason for wanting Google to continue its news aggregation, maybe there will be enough resistance to stop these clueless politicians in this case. Or maybe not... Many times they do what they want despite what the people and the companies tell them.
Only time will tell.