EU data retention

http://news.bbc.co.uk/2/hi/europe/4527840.stm

I may be confusing myself.  Hopefully this doesn't mean that a user in
the EU connected to website/ PostgreSQL in the US (as a user) will
require some sort of monstrous logging system on all user activity
within an account.

Can someone on the EU side of the water clarify .... has Big Brother
arrived?


Thanks,
Mike E.