EU could help them very much if they would start enforcing the Laws, so that no US Company can process European data, due to the Americans not willing to budge on Cloud Act.
That would also help to reduce our dependency on American Hyperscalers, which is much needed given how untrustworthy the US is right now. (And also hostile towards Europe as their new security strategy lays out)
This would be unfortunately a rather nuclear option due to the continent’s insane reliance on technology that breaks its unenforced laws.