Caplin noted that offering such a plan is "a very complicated thing to achieve" given the number of countries in the European region. That said, he added that Sony is "close" to finding a solution and hopes to announce something "very soon."
Update: Caplin has penned another PlayStation Blog post, detailing some of Sony's plans to offer compensation and identity theft protection to European PSN users. Caplin reiterated the difficulty in providing ID theft protection in different countries, though Sony hopes to "provide details of exactly which services are available in each country and explain how to sign up" by "early next week."
Furthermore, Sony will also offer free games to European PSN users. PS3 owners will be able to choose two free games from a selection of five. PSP owners will be able to choose two games from a selection of four. The available games should be announced "very soon."