On 12 December 2011, the European Commission launched an Open Data Strategy for Europe, which is expected to deliver a €40 billion boost to the EU's economy each year. Europe’s public administrations are sitting on a goldmine of unrealised economic potential: the large volumes of information collected by numerous public authorities and services. The strategy of the Commission to fully use that potential is as follows: firstly the Commission will lead by example, opening its vaults of information to the public for free through a new data portal. Secondly, a level playing field for open data across the EU will be established. Finally, these new measures are backed by the €100 million which will be granted in 2011-2013 to fund research into improved data-handling technologies. According to the European Commission these actions shall position the EU as the global leader in the re-use of public sector information.
More information can be found at: http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/1524&format=HTML&aged=0&lan guage=EN&guiLanguage=en