EU providing $21 million grant to IBM and others, funding research into cloud storage

Clouds are beautiful things that fill our skies with wonderment, and as it turns out they make awfully good places to store our precious data, too. In that way European Union wants to make them even better, providing a €15.7 million (that's $21.4 million US) research project called Vision Cloud. It's set to tackle a number of related storage issues, including the ability to run applications within cloud storage, proper auditing and access restriction, and mobility of said data, so that it can be accessed from anywhere. IBM's Haifa, Israel think tank is going to be leading the effort, while Siemens and SAP will be playing nice too. Really, when you're getting paid to think about clouds, how would it be possible to not play nice?