Europe's Sat Nav Albatross EU Expects Galileo Project Costs to Explode

Europe's answer to the American GPS navigation system threatens to become a financial black hole. According to a German newspaper, Brussels now calculates that the Galileo project will cost more to build, take longer to complete -- and make losses in the long term.
An image of a future Galileo satellite

An image of a future Galileo satellite

Foto: dpa/dpaweb
smd -- with wire reports