Euro Notes: the Galileo Project

You would have to have a heart of stone not to laugh:

Here’s a delicious WikiLeak revelation. The Galileo project – an attempt to launch an EU satellite system that would, as Jacques Chirac put it, challenge the “technological imperialism” of America’s GPS – was described as “a stupid idea” and “a waste of taxpayers’ money” by the Chief Executive of the German company that was about to be awarded a €566 million contract to develop 14 satellites for, er, the Galileo project.