I hope I'm not breaking any rules by necroing a thread, but I thought it might be interesting to bring to the table an alternative if you wish to host code within EU, instead of US. Deveo is a code hosting platform (Git, SVN, HG) that hosts code in Europe. We (I'm affiliated with Deveo) use Google Compute engine to run our cloud instance and utilize the European data center. Check our GitHub Alternative page for more information.
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RE: Github Alternatives