Well, or you could just wait a few days until more ppl join the EU pool... or even advertise it.

@Luke: Would it be possible to automatically move miners to a pool that is best for them? So you always connect your miner to the "main server" but it then actually calls the closest one (similar to Google's 8.8.8.8 DNS).

Also 2 more questions:
Are transaction fees mined handed out as well?
Any special anti-cheating voodoo concerning shares (devaluation of earlier shares for example) or just simple: own shares/all shares = payout?