[Moral Hazard]

"As the Euros continue to steal even more American IP, including the just announced blatant attempt at theft of Microsoft's intellectual property, their economies continue to tank, while their people continue to be out of work."

I think this probably has to do with their inefficient labor markets resulting from large unemployment/welfare benefits and massive government regulation than from IP theft.

[KwasiOwusu]

"I think this probably has to do with their inefficient labor markets resulting from large unemployment/welfare benefits and massive government regulation than from IP theft.
"

True.
The point remains though, that an atmosphere whereby they can seize any company's IP at will, is sure not going to help their economies grow out of its current mess.