Only problem is that the American people are the targets of both punches!
Non-American people all around the world are even a lot more targets of the NSA punch, because they don't even benefit from FISA laws that protect, at least partially, Americans...
The USA will be attacked again and again, and the NSA will continue to sit on its hands doing nothing.
They may have plenty of leads, but if they lead to US persons, they are by law prohibited from even reporting them to the FBI. Blame the NSA for a lot of the current Orwellian dystopia, but not for following the law, at least once.
Step 1: Dismantle the NSA...
Step 2: ???
Step 3: Profit!
Of course there are surveillance plans running in EU also, but not necessarily anything as massive and intrusive that NSA is conducting.
Who knows? At least CGHQ has been doing some pretty heavy surveillance and spying on an international level too in recent years. Never underestimate the capacity of a government hellbent on eavesdropping everything that is being sent down the wire.
There's no "reform" unless the US stops breaking ITS OWN LAWS.
Even if the US abode by its own laws, spying on foreigners, including EU Citizens, would still be allowed, under those laws. Changing laws to include EU Citizens in the list of persons not to be spied upon would be a confidence building measure... but we all know that the US won't stop snooping in Europe. There are way too many juicy trade secrets there to steal, so a no-spy rule w.r.t. Europe won't make it through Congress.