> The court ruled that Europeans’ data was insufficiently protected when transferred to the U.S., where it could be accessed by national intelligence services.

> The court ruled that Europeans’ data was insufficiently protected when transferred to the U.S., where it could be accessed by national intelligence services. This is the key part and I don't think it's even entirely wrong. There's a bit of a different perspective over here about data and the only people complaining seem to be those who have certain financial interest. The same complaints or worse could be made about Europe's high import tax. Which encourages large companies to move within EU borders. Ultimately that's the only thing that will happen as a result of this. The EU's tech infrastructure will grow and almost entirely at the cost of large companies. Side effect being that European data servers will gain a certain level of independence.