No - after hosting varous servers in Germany it was nothing but problems - if you run big sites, you're screwed - it's alright for the little kiddie sites as they go unnoticed.
for big legal project is the best - USA
for big warez forums, torrent trackers, blogs, DLEs etc - Sweden, Czech Republic, Russia, Ukraine. For example The Pirate Bay is hosting in Sweden, FreshWap is hosting in Czech Republic.
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