Copypasting my reply to someone who made almost exactly the same point in a sibling comment earlier:

Which has nothing to do with the stalking of the adtech industry, unless you are suggesting that the EU might sell access to the keys to the likes of OpenAI [though you are not wrong that encryption backdoors are a backwards step on individuals rights to privacy]

Things could be worse. It could be like most of the US where there are both no (or at least far fewer) protections against invasive behaviour of private companies and the government actively trying to backdoor private comms.