No the debate is not over. It should be reopen. Seriously, fees and pendency have increased so much in Europe that the EPO route may not be the straightforward and good choice.
In Germany for instance it is possible to obtain a patent in a relatively short period of time and at relatively good budget via a national route. Of course many parameters have to be taken into consideration when selecting one of the two routes: number of countries (a large amount of countries in Europe will favor the EPO route), a number of claims in the application (EPO now punishes harshly applicants filing large amount of claim), existence of a national route (some European countries do not accept direct national filings), etc.
It might therefore be a good idea to get a good road map before making decisions!
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