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Europe signs off on €1.2B for homegrown cloud project
(www.theregister.com)
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Yeah those names really don't inspire confidence. On the other hand, SAP and Telekom did successfully and quickly implement the corona warn app in Germany back in 2020 as FOSS - so this might result in something eventually.
I'd recommend to just throw the €1.2B at Hetzner with Nextcloud and be done with the European solution.
That would be nice, Hetzner has been providing good service for a while