This can only be good news.

How long will it be before the rest of them pull out?
This country could be a gold mine if it got its act together with Organic crops
Monsanto, one of the world's biggest and best known genetically modified crops companies, is effectively pulling out of Europe.....
Monsanto, whose name is synonymous with GM crops, confirmed that it is withdrawing all of its EU applications for approval for new crops.
The decision is understood to affect as many as 10 applications for approval for new GM crops. It is understood that Monsanto is pulling all of its applications for crops in frustration at delays over clearing existing crops at EU level.
It does not affect clearance for an existing crop grown from GM seeds in Portugal and Spain.
Monsanto currently sells only one biotech seed product in Europe — a biotech corn which is modified to be resistant to a destructive pest called the European corn borer. It accounts for less than one per cent of the corn grown in the EU.
A company source pointed to the fact that the EU has not approved a new GM crop for cultivation since 1998, adding that it "currently has suspended the progression of cultivation files towards decisions for political reasons"
http://www.telegraph.co.uk/earth/environment/10186932/Major-GM-food-company-Monsanto-pulls-out-of-Europe.html