I believe the goal of this and recent similar decisions is to fracture the internet, allowing for easier law making and rent seeking.
The analogy isn't perfect, but the citizens of the US want drugs. The American government pours untold billions into its War on Drugs, and as a result there are more drugs available in the US than ever before. Similarly, Europe's Internet users want a smart, convenient master index to the Internet; and they're not likely to knuckle under as docilely as the population of China, whose government has been at least partially successful in locking Google out.
Btw, European Parliament is also not the same as Europe government. It has much weaker influence on things than a typical parliament of a country.
Some European governments ship politicians off to Euro-government just to get them out of the way. Perhaps not quite justly, the Euro Parliament is sometimes considered a retirement institution for incompetent politicians.
It was about the EU Parliament being weak even in relation to the other parts of the eurogovernment. I meant the EU Council in particular.
I mean, where you had to deal with one entity, now you have to deal with two. It's more possible that one of them doesn't accommodate to your whims.
A fractured google is easier to control. Right now, the French government could pass certain laws and Google could simply say no with few detrimental effects (French users would simply use a proxy). With a fractured Google, Google would need to hold all infrastructure servicing French search in France, or at least significant infrastructure, allowing the French government more leverage in law making, and rent seeking.
The US has more assets than Europe.
US GDP is growing drastically faster than Europe's GDP. Europe's economy hasn't grown since 2007, with GDP still below those levels. In another year or two, the US will also have a larger GDP than Europe.