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Europe Counters U.S. in Cloud Computing

Seems like too much bueracracy to secure information. I fear that political turf wars may leave a lot of loopholes for people looking to misue what should be secure data.

http://www.bloomberg.com/news/2012-01-17/europe-won-t-let-u-s-dominate-cloud-with-rules-to-curb-hp-tech.html