It's more about pragmatism than hypocracy. Everyone in Europe has a lot to win on painting the US as the bad guys and themselves as innocent. Major European tech firms are going to play this story very hard to gain fat government contracts rather than their American competitors. That's what might change things, when profits are being hurt politicians are very quick to act.
As Europeans turn against Americans (or more precisely, non-Anglos turn against the Anglosphere/Five Eyes), the West begins to fracture precisely as the East begins to rise again with force.
The west fractured or not, the east is going to rise. Turning a blind eye to this concrete opportunity makes no difference to that end result, but does affect the quarter's earnings.
Also, these quarrels will hardly damage international relations in any significant manner as to prevent the west unite in whatever manner they see fit to face the east.
Will it? People are getting fired up, and the anti-American feelings in Europe are strong. The politicians might understand better but will the people? Or will, after years of being told how evil the Americans are, functionally see their choice as one despot or another? Which is sad, because all of this hoopla over spying... isn't a hoopla in the east. It's just the status quo.
The rest of the world has known for a lot of years (more than thirty) what has just been confirmed an publicized in the US itself with the latest developments: The US government is not at all a BDFL, but behaves more like a bully.
These revelations don't change things much, macropollitically.
The only thing that could, maybe, be changing is the US people perception of their country but, again, many western democracies are not keen on listening to the people.
