This potentially could reduce privacy protection to the lowest standards of any member state.

Terrorism and cyber crime are negligible threats to the EU. It has more of an existential crisis. These kind of laws that have invigorated us the last decades are going to be extended further. Because we seem to be governed by pathologically fearful, demented old...

Additionally, the US will be involved for similar sharing of data in the future.

Sorry for the rant, but it is what it is. Without any accountability whatsoever.