Apparently there are some voices of sanity within the EU commission:

"...it seems that public opinion and political realities in the EU are such as not to support an extension in the term of protection. Some would even argue that the term should be reduced. At this stage, therefore, time does not appear to be ripe for a change, and developments in the market should be further monitored and studied."

Very positive. If only working documents like these dictated the actions of the commission...
Link to the article