The US has shaped Europe's economy since the Marshall Plan in 1948, but European financial institutions are now looking for alternatives, driven by security concerns, risk concentration, and the unpredictability of US foreign policy.
US cloud providers Amazon Web Services, Google Cloud, and Microsoft Azure together hold approximately 69% of the cloud infrastructure market share in Europe. The largest European suppliers of cloud, France's OVHCloud and Germany's Deutsche Telekom, together hold 13%