[Chiron1991]

> The EU solution meaningfully changes the offending company's behavior.

Citation needed. I'd imagine they just add a tiny markup to their prices to pay the eventual fine instead of investing huge amounts of money into fixing their broken processes. Comparing the list of EU-issued fines against the respective companies' profits shows that they can simply afford to make those mistakes instead of preventing them.

[lone-commenter]

> they just add a tiny markup to their prices to pay the eventual fine instead

Ironically, this counter-argument applies perfectly to the "US solution".

On the contrary, EU's huge fines have a better chance of being effective.

[theshrike79]

Stock holders generally frown upon multi-billion euro fines and may want a change in management.

[disgruntledphd2]

And it's probably securities fraud ;)