Quaero is being termed eurozone's response to the US-based internet search giants such as Google, Yahoo and MSN. The project includes the French and German governments along with a host of european technology companies such as Thomson, France Telecom and Deutsche Telekom. It is scheduled to be submitted to France's Agency of Industrial Innovation later this month. The agency which has a budget of €2 billion ($2.41 billion) hasn't specified how much of this money will be spent on Quaero. President Jacques Chirac announced the launch of Quaero during the French-German ministerial conference in April of last year. It is the latest in a series of initiatives by the europeans to compete with US dominance in technology. Europe launched the Galileo satellite navigation system last month aimed at rivaling a similar system already available in the US. French broadcasters are also planning an international television network, CFII aimed at presenting the French view on world events. The network is slated to begin broadcasting in French and English to Europe, the Middle East and Africa sometime next year.
Quaero is being termed eurozone's response to the US-based internet search giants such as Google, Yahoo and MSN. The project includes the French and German governments along with a host of European technology companies such as Thomson, France Telecom and Deutsche Telekom. It is scheduled to be submitted to France's Agency of Industrial Innovation later this month. The agency which has a budget of €2 billion ($2.41 billion) hasn't specified how much of this money will be spent on Quaero. President Jacques Chirac announced the launch of Quaero during the French-German ministerial conference in April of last year. It is the latest in a series of initiatives by the Europeans to compete with US dominance in technology. Europe launched the Galileo satellite navigation system last month aimed at rivaling a similar system already available in the US. French broadcasters are also planning an international television network, CFII aimed at presenting the French view on world events. The network is slated to begin broadcasting in French and English to Europe, the Middle East and Africa sometime next year.
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european
European
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europeans
Europeans