(Reuters) - Galileo, meant to rival the U.S. Global Positioning System, has fallen into political and industrial disarray after the companies charged with building the 30-satellite system balked at the costs and risks involved.
Transport Commissioner Jacques Barrot, who said the project was essential for the EU despite concerns that it would not be profitable, presented a proposal to take it over, a move that will require support from the European Union's 27 member states.
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