Can???t say that these issues are entirely to blame: we have a more pragmatic, ???look before you leap??? attitude in UK and EU business (I have spent plenty of time embedded in both and have experienced both sides of leading edge)

a couple of additional comments and a good collection of my blog and some reblogs of some real cloud and computing expertise, for your pleasure!
My blog on this post:
http://danielsteeves.wordpress.com/2012/06/08/1-more-reason-pragmatism-cloud-computing-four-reasons-why-it-isnt-taking-off-in-europe/

Feel free to find me on twitter @danielsteeves