Yes, let's give more power to the EU, the entity that's been trying to ban encryption within the EU for the last 3 years and wants to read all your messages, scan all your pictures, but pinky promise, it won't use the data to hunt down political dissidents or silence opposing views.

I am sure it's going to be swell.

Let's also require tech companies to only allow content that has been approved by the central committee for peace and tolerance (TM) while we are it!

No risk of censorship there.

The EU is not a single mind, it is many party democracy. Yes there are forces in it that have been pushing for "lawful interception" for some time now. And they have always failed to ban E2E-encryption.

In the USA there exist similar forces who also introduced bills with similar ideas multiple times in the last decade. One of those is currently in congress.