" It wouldn't take a year to set up a "ECANN" and make all EU ISPs use it "
I really hope that this is filed under "The Nuclear Option" as if this happens the first thing that will follow it would be China and Russia doing the same, resulting in the total fragmentation of the DNS system and the end of the internets as we currently know it!
I'm personally hoping that ICant Dies and a U.N. organisation takes over regulated by international law, yes this would be a bureaucratic P.I.T.F.A. from square 1 but at this point I can't really see how it can be worse, given there are 3rd world dictatorships with a better grasp of law and order than ICANN