In Germany, the case of a company called "Modern Solution" has gained quite a bit of traction. An IT guy found a password, tried it on the company's phpmyadmin and reported that he could access their data. They sued him and the case went up to the highest German court, which acknowledged the lower court's decision to rule with the company. The IT guy got fined.
"Luckily" my ISP is DTAG which has horrible peering with Cloudflare.
So I'm routed through Warsaw (WAW) most of the time, even though there are multiple closer datacenters in Germany.
My 7 Euro hetzner cloud instance in Falkenstein easily does about 5Gbit (inter-europe).
From my experience, at Hetzner you are very rarely limited by their network. Usually only by poor peering from transits. Peerings with all the big names are great tho, so no reason to complain for me.
And from what I know from someone near Hetzner, they don't cheap out on peering at all.
https://www.heise.de/news/Bundesverfassungsgericht-lehnt-Bes... (German article)