Learn to Read
Every single one of you has failed to read what he actually SAID. Let's try it again.
“If the services and products they are using are not made in Europe then they will be made in China, and Asia-Pacific and Silicon Valley, and that will be a big missed opportunity."
AKA if the EU want to be berks about coding and such done in their territory it will be taken elsewhere. I read reams of anecdotes about coding in China, Korea, Taiwan, and the Asian coders that Google employs are proof that they have a valid worker pool there. It does NOT however say that Google is moving to China, nor that work will be done EXCLUSIVELY there.
Criminy.