But why does Europe need its own "sat nav" system when the rest of the world uses GPS or an equivalent Russian or planned Chinese system?

BBC: NEWS | UK | UK Politics | Galileo: Star project or black hole?

When Palm announced today that its new smartphone would run an operating system from Microsoft, it was the equivalent of Coca-Cola agreeing to fill its bottles with Pepsi.

FORBES

The general idea among most economists is that gold would be a step backward for our modern monetary system the equivalent of trading in an automobile for a horse and buggy.

FORBES: Give The Gold Standard Its Due