Probably not really. The EU itself (at the Brussels level) doesn't have much of an intelligence apparatus. One exists but it's small and weak compared to the likes of the NSA. The most capable was GCHQ but of course that's no longer a part of the EU.
The EU likes passing internet related legislation because of:
1. The politics of it. It involves the raw exercise of power over people who are easily bullied and that they don't like much, namely successful American companies. The EU loves passing extra-territorial laws and seeing people jump, it makes them feel like a big power bloc which is the whole aim of the EU project to begin with.
2. The revenue from it. Tech companies either fight or they try to obey, but the laws are vague and easily reinterpreted. This yields massive fines which go straight into the EU coffers, money which is then spent on purchasing loyalty both of the elected political elites (via post-election-loss sinecures and enormous "pensions" that start being paid out long before retirement), and the population itself (via EU branded projects and grants).
3. The unaccountability of it. EU law is created by the Commission which does whatever it wants. By treaty it is accountable to nothing except itself and it is the highest power in Europe. In that situation why not spend all your time on easily achieved upper-class luxury agenda items like internet regulation, which feels futuristic and cool, instead of messy stuff that bothers the regular citizens like illegal immigration, where you don't want to do it and failure comes easy?
That's why there's a constant flood of tech-related regulation coming from the EU. Seeing this specific act in isolation is a mistake, it's just the continuation of a long term trend.