I really wish the EU leaned heavily into the cloud basic building blocks.
There's a lot of stuff in big cloud that is genuinely hard to duplicate especially with network effects, but I don't see why they can't throw a billion or 3 at ensuring you've got a homegrown stack that can do VMs, S3, function, container registry, database, block storage, firewall etc - with guaranteed funding, clear licenses, handful of local options perhaps with some sort of local guaranteed certification etc.
Baby steps are better than no steps & a lot of things can be made to run on those building blocks