The Bundesliga and Ligue 1 had a huge hand in creating FFP. They already had a version of it built into the structure of their 2 leagues, and they were starting to feel disadvantaged with La Liga, the Premier league and Serie A clubs being able to snap up the worlds best players while not having any of the funds available. They only needed Platini to agree and he did.
The Premier league at the time had a combined club debt of 3.3bn. Which had seen Leeds and Portsmouth going into administration with West Ham and Everton teetering on the verge of it. Then you had the leveraged buyouts of LFC & MUFC which saddled debt onto the two biggest clubs in England. This was massive news at the time, and the Premier League had no plans or strategy to combat this. They were lobbying the sports minister for help. Then enter Karl-Heinz Rummenigge and Michel Platini from stage left, with the FFPR handbook, and the rest is history.