(S (S (BASENP (PRP It)) (VP (VP (VBZ is) (ADJP (DT the) (JJS latest))) (PP (IN in) (NP (BASENP (DT a) (NN series)) (PP (IN of) (NP (NP (BASENP (NNS initiatives)) (PP (IN by) (BASENP (DT the) (NNPS Europeans)))) (S (VP (TO to) (VP (VP (VB compete) (PP (IN with) (BASENP (NNP US) (NN dominance)))) (PP (IN in) (BASENP (NN technology)))))))))))) (PERIOD .))