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UK and Netherlands Against Public Funding for Galileo
Spiegel ^ | June 11, 2007

Posted on 06/11/2007 5:31:19 AM PDT by DeaconBenjamin2

The European Union's planned satellite navigation system Galileo is in trouble. Agreement seemed to be reached Friday on bailing the project out with public money -- but now the UK and the Netherlands are arguing against that, according to a media report.

Those pesky pan-European aerospace projects just never seem to go smoothly. First Airbus ran into all kinds of turbulence (more...). Now the European satellite navigation system Galileo -- planned as a competitor to the US Army's GPS system -- appears to be in danger of crashing and burning.

According to a report in Monday's edition of the Germany business daily Handelsblatt, the United Kingdom and the Netherlands have rejected financing the beleagured project with public money -- contradicting what had appeared to be a consensus reached at a meeting of European Union transport ministers Friday.

(Excerpt) Read more at spiegel.de ...


TOPICS: Business/Economy; Foreign Affairs; Government; United Kingdom
KEYWORDS:
Should we thank Gordon Brown?
1 posted on 06/11/2007 5:31:20 AM PDT by DeaconBenjamin2
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To: nypokerface

Update


2 posted on 06/11/2007 5:32:12 AM PDT by DeaconBenjamin2
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To: DeaconBenjamin2

So, the EU is not the center of Galileo’s universe.


3 posted on 06/11/2007 6:13:11 AM PDT by CPOSharky (An organization that kills those who do not believe it's dogma is NOT a religion.)
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