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Pie in the Sky?
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The European Union last week took a calculated leap into the unknown, but if all goes well, it will one day know precisely where it landed. The $3 billion Galileo project, Europe's answer to the American-run Global Positioning System, or GPS, finally received a qualified yes from transport ministers of the 15 member states something they failed to give it just four months ago. Over the next eight months, the European Commission hopes to elicit enough interest from private companies to make a reality of what E.U. transport Commissioner Loyola de Palacio calls "one of the most ambitious technical projects...