Pie in the Sky?

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...