surely the EU have no option but to abandon the Privacy Figleaf forthwith.
Why? Germany was once the European bastion of citizens rights, but even they've been backsliding on privacy, and all governments are thinking "wow, how can we get our hands on all our citizen's data?". The UK government love the idea, and are busy scraping all the data they can find already.
And where's the EU "Privacy Plan B"? There's hardly a series of robust European IT platforms to replace Microsoft, Google, Facebook et al, are there?