Re: Only fine words so far ...
The problem is, the US companies have to stop transferring data immediately, or they put their customers at risk.
If they are caught moving data out of the EU, it is the owners of the data (private citizens who trusted their contact data to GMail, Outlook.com, iCloud etc. or European businesses using cloud services) who will pay. They have a care of duty to ensure the data is held within EU data protection regulations. If their cloud hosting provider suddenly exports that data out of the EU without the backing of Safe Harbor, then they face fines and / or imprisonment.
The cloud providers will also face prosecution, but they are big corporations outside the EU, but their customers are within the EU.
Biting the hand that feeds IT
