When you owe someone 1 Billion Euro, they have a problem.
With the european regulation protecting interstate commerce, the Double Irish even with a Dutch Sandwich seems legally fine. It will take multiple lawsuits to try to do anything against it.
Note to north american readers- there's a huge political effort in europe, instrumented by the french and german government, to create a new kind of copyright for indexing new articles, ie arrange a special tax scheme to divert money from search engines to the european media companies.
It's just yet another case of entitlement from companies whose business models have mostly been made obsolete.
So this news seems to be just part of the smear campaign, maybe to put more bargaining chips on the table and strongarm google into accepting this. The lows in google stock also frequently made the news these last few weeks - it's more than a coincidence when you consider the emerging difference between french/german newspapers and other news sources on this same fact, and who owns the newspaper.
Good luck to France- she will need it to pull something out of so many shenanigans.
(But deep inside me, I'd love to see the negotiations break, with google removing all french newspaper from google news and see how long the european media companies will last before giving up in their stupid demands while other french-language news source eat their cake - from Quebec or North Africa. That would send the right message to the government - stop messing with the economy)