As a german i am quite sure they will ratify software patents. The very sad part is the people deciding this have absolutely no understanding what they are doing and that they open the box of pandora. There is currently almost no invest money in european startups, and if everyone of these startups is liable for bogus software patents they will have absolutely no chance on getting big.
I don't like software patents but I have a hard time buying that it will limit investment further. It hasn't significantly done so in the US where software patents have long existed. I imagine it may spur investment because investors see software patents as protecting their investments in startups from both other startups and established companies. Edited to correct a typo kindly pointed out by a comment below.
If you have no IP system then you are too dependent on people innovating for the sake of innovation because they enjoy it. If you have an extreme IP system then you are too dependent on corporations innovating for the sake of profit maximization. Both extremes limit overall innovation. There is a sweet spot in the middle where you both maximize corporate and voluntary innovation. The current copyright system is the closest to that sweet spot but it's leaning closer to corporate than voluntary because of its long duration. The current IP protection is good for both corporations and the open source/FOSS community. There is an opportunity to commercialize opensource software and make it easier to sponsor the developers but if the current system was kept until the end of humanity we wouldn't miss out on too much innovation.
But this article isn't about keeping what we have. Software is about to receive an additional IP system. One that is completely inaccessible to voluntary innovation. We are bound to leave the sweet spot at this rate and prioritize corporate innovation above everything else, even if it means there will be less innovation overall.