Maybe that's true for the Microsofts and Google's of the world. But for smaller companies trying to provide SaaS or PaaS it totally keeps them from entering the

Maybe that's true for the Microsofts and Google's of the world. But for smaller companies trying to provide SaaS or PaaS it totally keeps them from entering the market. So in the end it only increases the difficulty to compete in EU and increases the power of these mega corps.