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EU Agrees to Fully Fund Galileo

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European Union governments agreed Friday to jointly complete the development of the much-delayed Galileo satellite navigation project after mollifying Spain, which had demanded a bigger stake in the venture. Spain was the lone holdout in...

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In a follow-up to our previous story, Europe's proposed multibillion-dollar Galileo satellite navigation project could be salvaged with the help of unspent EU funds and without additional taxpayer money, the European Commission said today. The...

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The European Union will decide this week where the €2.4bn shortfall in funding for the Galileo GPS satellite system will come from. A meeting on September 19th is expected to suggest that the cost is...

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Galileo system 'in a deep crisis'

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Europe's proposed satellite-navigation system, Galileo, will need more public funds if it is to be built. Hope is receding that a private consortium asked to run the system can end its infighting and meet a...

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