I just remember when the EU passed that legislation that made it legal for member states to require Google to pay a fee to newspapers for linking to their content in Google News. Only a few countries bothered to try enforcing it, notably Spain did, and the result was Google called their bluff and de-listed every newspaper in Spain from Google News. It did not take long until Spain relented and permitted newspapers to waive the requirement with exemptions (i.e. allow status quo ante), which is exactly what happened for the bulk of them.
Google definitely wants to stay in this market, but I don't think the EU has as much leverage as they think.