EU MINISTERS AGREE TO FUNS GALILEO LAUNCH WITH PUBLIC MONEY
November 1st, 2007
BY KEITH NUTHALL
THE FUTURE of the European Union's (EU) global positioning satellite project Galileo has been all but secured with the EU Council of Ministers agreeing to raise an additional Euro 2.4 billion to launch the system into the sky. Late on Friday, the council agreed to divert Euro 1.6 million of unspent agricultural subsidies to meet the lion's share of these additional costs. Galileo will now be operational in 2013 - five years after the original timetable launch date of 2008. The package was negotiated with the European Parliament, whose budgets ...
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