Which, to be fair, they are absolutely allowed to do. That "everyone does it" doesn't make it acceptable that the NSA does do it. And if that also makes for a convenient excuse to pry some of the data currently stored on US-based servers out of the US and into the EU where it can drive local economies, so much the better from their perspective.

The EU regulators are being selfish jerks and forcing Facebook and Google to spend their hard earned cash on a datacenter in Antwerp or whatever. That's... hardly the worst evil afoot.