Re: rapid flow of information between the EU and the US depends on mutual trust
"Of course, there's always the third option, I suppose, which is to slap a band-aid over it and just proceed as usual, hoping it will all go away until something else happens and you have to find another band-aid. That's really the most likely option in the short to medium term."
And the fourth option, of course. The US eventually realises it's losing the "privacy race" and ups it's game to try and be better than everyone else, just like the arms race and the space race :-)
Come on Team USA, you know you want to win the "race" rah! rah! rah!
Nope. Sorry. My irony meter just exploded.