ITER FINANCIAL RESCUE ATTEMPT SNATCHED AWAY BY BUDGET CRISIS
November 1st, 2010
BY KEITH NUTHALL
A FINANCIAL rescue package for ITER, the International Thermonuclear Experimental Reactor project was in major jeopardy last night as European Union (EU) politicians failed to agree an EU budget for 2011. The package had included a commitment to find an additional Euro EUR1.4 billion in additional EU funds for the global nuclear fusion project in 2012 and 2013, which is 45% funded by the European Union. ITER has been suffering from significant budget overruns and as a result, is facing a major funding shortfall. The European Commission earlier ...
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