Fallout over US snooping (hoovering?) of Internet traffic means many firms and individuals see European Union privacy protection laws as a boon. And the cloud offerings based in Europe should see higher demand.
From Wikipedia, The Data Protection Directive (officially Directive 95/46/EC on the protection of individuals with regard to the processing of personal data and on the free movement of such data) is a European Union directive which regulates the processing of personal data within the European Union. It is an important component of EU privacy and human rights law.
Reuters: European firms believe revelations that the U.S. National Security Agency (NSA) has secretly gathered user data from nine big U.S. Internet companies, including Microsoft and Google, will hand them a competitive advantage as they play catch-up with the dominant American players in "cloud computing". Last year the French government ploughed 150 million euros ($200 million) into two start-ups, including the data centre's owner Cloudwatt, to equip the country with infrastructure independent of U.S. cloud computing giants.
Read more at ZDnet.
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