I was reading an opinion piece about this sort of thing earlier today, "Euro firms must ditch Uncle Sam's clouds and go EU-native". It opens by saying:
I'm an eighth-generation American, and let me tell you, I wouldn't trust my data, secrets, or services to a US company these days for love or money.
Maybe Europe should have more integration so it can better stand up against the US, China, and Russia, all three of whom would probably love to tear apart Europe for themselves