So, saying this goes into effect, what are the real consequences going to be? If I'm hosting outside the EU, do I have to deal with this Article 13 nonsense?

So, saying this goes into effect, what are the real consequences going to be? If I'm hosting outside the EU, do I have to deal with this Article 13 nonsense? It's a little funny, we just went through a cycle where people were moving their datacenters off of US territory because of NSA revelations, often to Europe. Are we going to see a backswing now, as EU regulations get more and more onerous (not to mention it keeps coming out that everyone and their brother was doing the same tapping as the NSA did...)?