I watched the Video but besides the "king entering the city ceremony" it didn't show what it makes it unique compared to other city states around the world.
Telekom and Microsoft partnered together a long time ago to fix this problem but it turns out in european public comunal and state procurement projects that cloud offerings play a very insignificant role since its largely all on-prem IT projects and so that partnership was closed.
I'm just writing this because a lot of comments are getting the wrong idea from this and causing some weird mix of hysteria and europhoby. In the grand scheme of things, there is no money lost for Azure and AWS, the potential of the once in a full moon cloud projects from public european institutions wouldn't even amount to something that would be described as pocket chance.
There is no tidal wave, Telekom partnered a long time ago with Microsoft for an EU only azure offering and it was sacked quickly because the demand from public procurements where too low since those largely require on-prem solutions.
There is no tit for tat, we european citizens don't want our personal data to be accessible to the US government and their respective secret agencies.
The US government will not back up from their policy and so we do neither but since we otherwise enjoy a great partnership and alliance, we take this issue pretty "dry and emotionless", trust me, there are no hard feelings or ill intentions.