Don't the majority of all of countries in Europe share information with the intelligence of US? Whereas the 2nd and 3rd world countries don't
We, in fact, do not. And knowing a project is hosted in EU helps to know that the company/hosting adheres to our privacy laws.
And on the tinfoil hat side, anything not over the pond is less likely to contain NSA backdoors. And finally, noones "controlling" anyone, but the fines for breaking data protection laws aren't slaps on wrists like typical company fines in the US. We're talking of sums that can literally bankrupt a company/provider.