after "Safe-Harbor"and it's successor "EU-US Privacy-Shield" I suggest..
the "Trust-PACT"
P - privacy A - acknowledged C - confidentiality T - treaty
It's not only an insult of EU data protection laws and the EU basic rights charta.
Not only are the big US cloud providers evading taxes and stiffling competition in the EU, they are also instrumental to US hegemonial ambitions. All your data (and taxes) belongs to us. That's whats going on.
I wonder how long the standard contractual clauses will hold, I don't see how they are doing better.