They always talk big about democracy and freedom of speech but we all know that it isn't quite like that in practice. (see: hate speech)
Then again I can legally drink a beer in any public park in most EU countries.Personally I prefer this freedom than being able to legally spout racist, inciting garbage or to deny the holocoust.
Or having some malicious person selectively edit what you said? ("Captain Zapp said, 'Personally I prefer... to deny the holocaust'. Censor him!")
Don't assume that restrictions on free speech will always be used in good faith against the targets they "should" be used against. These things have a way of expanding their reach. They can reach you sooner than you think.
Disclaimer: Not affiliated, though sometimes hang around in same circles as some that work there.
I actually did some research on Owncloud hosting, turns out there's a whole bunch of providers that offer free consumer tier hosting[1], I haven't heard of any of them[1].
I was more thinking along the lines of immunity from National Security Letters[1], which could be marketed to companies or individuals who want an extra layer of privacy guarantee.
For example, here is a quote from Dropbox's 2016 Transparency report[2]:
"We believe that those who use online services have a right to know if the government requests their data, and that service providers have a right to notify them of these requests. Often, though, requests for user data are accompanied by court orders preventing Dropbox from providing notice."
An EU-based Dropbox clone could market this as a unique selling point, that the above doesn't apply. Swiss banking for your online storage, if you will.
[1] https://en.wikipedia.org/wiki/National_security_letter
[2] https://www.dropbox.com/transparency