Can't see it happening despite the mumblings of an EU Commission. They also, don't "own" the net tho they may have more "seats at screens" than anyone.
Sure, the EU has a point up to a level.. eg. why the fuck is ICANN still a sub-contrator for the US govt? A DNS authority "should" be isolated from any govts - including the EU.
Who knows if it is related to NSA/Echelon. The EU used to split costs with the US on other areas where satellite comms were used, but had reason to distrust this cosy relationship and have been going their own route for a few years now.
Another more public aspect is taxation on net revenue - the EU loves to collect taxes as much as the US and they are slowly adopting the concept of "control" which is now widespread in the US. (Is that not what any group of people/nations try do when they form themselves into a cohesive unit?

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