So I think that is why the fine is 0.05% of global revenue instead of the full 4% that can be enforced under GDPR. Both the government and Google can spin it as a win.

But say instead France asks for 4% of global revenue, and there are rumblings from Spain, Italy, Germany, UK, Sweden, Poland, Romania, Denmark and Greece that if France is successful they will do the same.

Suddenly the potential fines are 40% of global revenue, but Europe doesn't generate 40% of global revenue.