Hopeful signs are emerging for the future of economic prosperity in Europe despite some serious opposition. The European Parliament recently moved to scrap the ratification of an informal agreement reached last year by EU member states and supported by the European Commission, that would have made important strides forward in the legal recognition of intellectual property rights.
The Computer Implemented Inventions Directive (CIID), which would protect intellectual property and standardize EU software patent law, now appears dead. This leaves in place a patchwork of national patent laws that effectively stifles a common set of laws and regulations in Europe.
These sorts of delays and backsliding by the Parliament represent serious threats to European economies and could add to a dangerous precedent in light of the EU’s ruling against software company Microsoft. The 21st Century has ushered in the Information Age; computers and software represent the field with perhaps the greatest potential for innovation and wealth-creation in developed nations.
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