To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.
Germany, with the advantages of scale that go with a population eight times bigger, lodged 335 patent applications per million residents. But the Czech Republic, of a similar size to Greece and Portugal, managed 16. Much-smaller Ireland boasted 112, according to calculations based on data on the EPO website.
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Greece and Portugal are not the only innovation laggards. Worryingly, Italy and Spain both spend less than Portugal on R&D and trail Ireland badly on patent filings, at 67 and 31 per million inhabitants respectively.
Source:
Analysis: Euro zone strugglers lack innovative knack | Reuters



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