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...

EU Says It Has Money to Salvage Galileo

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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...

EU Searches for Galileo Funding Source

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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...

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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