GALILEO TO BE FINANCED BY PUBLIC PURSE EU POLITICIANS AGREE
June 1st, 2007
BY KEITH NUTHALLIT looks increasingly likely that public funds will foot the entire bill of sending the European Union's (EU) satellite navigation service Galileo into space, with the European Parliament voting for the troubled project to remain under EU control. MEPs accepted that the collapse of a private-public partnership formed to launch Galileo would create a financial hole of around Euro 2.4 billion to get it operational, and agreed said this money should be drawn direct from EU budgets. Galileo is designed to be more precise than the USA's GPS system, and ...
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