Just as an observation, I'm not sure we'll get people. Good moderators are hard to find (I've been looking for some for !yurop for a long time ), and this community will probably require more work to moderate as it will have a lot of news and political discussions. After all, there's a reason poVoq was the only mod here.
Lemm.ee is an English speaking European instance that could host the !Europe instance.
It is different in that regard compared to feddit.dk, feddit.org, feddit.UK, jlai.lu, feddit.org, I don't think there is even an Estonian speaking community on Lemm.ee
All of the other instances named in the previous paragraph have a focus on their local language, lemm.ee does not.