Brussels, 07/12/2001 (Agence Europe) - The Transport Commissioner Loyola de Palacio warned that Galileo was on the point of sinking without trace, as she left the Transport Council on Friday at which the EU failed to endorse the creation of a joint venture to manage the next phase of the EU global satellite navigation system. Neither did ministers manage to agree on releasing the funding required for continuing the Galileo project. Eight Member States opposed the Council deciding on Friday...