5/30, 10:12 AM (Source: TeleTrader)
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Denmark to investment some $21B in defense over next decade

The Danish government proposed Tuesday to allocate 143 billion Danish kroner ($21.14 billion) to defense over the next ten years.

"We must, to a greater extent, be able to live up to the demands and expectations that NATO and its allies have for Denmark," Denmark's acting Minister of Defense, Troels Lund Poulsen, told a press conference. "This requires large investments in our armed forces to lift our share of the responsibility."

In this way, the country, which had reduced its spending after the Cold War, aligns itself with the standards of the North Atlantic Treaty Organization (NATO).

Baha Breaking News (BBN) / JG