There is not much consensus regarding open standards, and the first plan of action would appear to be "a European firewall" (quickly renamed to the cloud for obvious reasons). So there will probably be some action, but I don't think it will be what many hope for. We Europeans may end up with a more closed, albeit more local, network.
Meh, a friend recently sent me this study from the parliament: https://www.europarl.europa.eu/RegData/etudes/STUD/2020/6487... .
There is not much consensus regarding open standards, and the first plan of action would appear to be "a European firewall" (quickly renamed to the cloud for obvious reasons). So there will probably be some action, but I don't think it will be what many hope for. We Europeans may end up with a more closed, albeit more local, network.