GALILEO LATEST
December 1st, 2001
BY KEITH NUTHALLA POLITICAL lifeline has been thrown to the EU's Euro 3.6 billion, (Pounds 2.2 billion), Galileo project to set up a satellite-based global positioning system for European countries. After EU transport ministers appeared to have doomed the scheme by refusing some Euro 450 million, (Pounds 275 million), of development financing earlier this month, EU government leaders, meeting at the week-end in Belgium, said Galileo was of "strategic importance" adding that a financing decision should be taken by March next year. But the European Commission is ...
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