India, July 9 -- An alliance of dozen European countries have decided to invest $50.66 billion to strengthen the bloc's Deep Precision Strike Capability over the next 10 years.
In a joint statement, leaders of Denmark, Estonia, Finland, France, Germany, The Netherlands, Norway, Romania, Spain, Sweden, Turkey and the United Kingdom said the Deep Precision Strike Capability Investment Initiative stems from the need to deliver a stronger European role within NATO, with Europe taking greater responsibility for the defense alliance's shared transatlantic security.
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