One of the companies in the EU produces enterprise software almost no one on this website uses (SAP). The other is Dassault.
In the US the top five companies are Microsoft, Oracle, ADP, Adobe, and Salesforce. If you include Alphabet and Amazon, well...
When the EU or Asia (non-China, I guess) can offer mature alternatives even remotely competitive with the American companies, I guess your strategy could work. Until then, no one is going to flock to Hetzner over AWS.
And I like Hetzner.
[0]: https://en.wikipedia.org/wiki/List_of_the_largest_software_c...