Because of how certain things are less flexible in many european countries, the required scale of corruption to change the rules the way they apparently are bent in USA specifically on this topic becomes impractical.
Note, I am saying specifically on this topic, I am not saying there are no other kinds of grift available.
But I have done recently a deep dive and for example in Poland, especially in the area around Warsaw, a high power datacenter is literally one of the best investments you can get, and the only real issue is to force the builder to use certain noise abatement technologies to deal with the low-frequency noise.
And while it's a race to the bottom, that does not mean that there are no other variables than price - for example, outside of AI, a large boom in EU datacenter space is due to DORA and NIS2 regulations that place certain requirements on locality and resilience