Satellites can help Europe recover from the global financial cris...
Satellites can help Europe recover from the global financial crisis, the European Satellite Operators Association said Wednesday. The EU approved a recovery plan that includes a fiscal stimulus of about 200 billion, $288 billion, for “smart investments” to produce…
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long-term growth through innovation and access to technology, the group said. One measure calls for 5 billion euros to improve energy connections and broadband infrastructure across Europe, it said. The EU want complete broadband coverage by 2010, but in the remotest parts of Europe, cable and DSL aren’t commercially attractive and they can be much more expensive than alternatives, the group said. Satellites can help meet the EU’s goal, on their own or with land-based communications systems, association Chairman Giuliano Berretta told European Commission President Jose Manuel Barroso.