I happen to be European but with that said, I also get the feeling that many western European HN-users here seem to fancy the idea of having many small local service providers that have challenges providing anything beyond basic hosting.
And that totally fine, if you think European companies have no competitive disadvantage on the global market to being forced to use traditional VPS providers or build and set up everything themselves. But I imagine it'd be very challenging if other companies outside the EU can go to market faster, deliver better services for lower cost, etc. than their European counterparts because they can use American cloud providers like GCP or AWS.
