Explore the latest developments concerning Opinion | Europe.
Opinion | Europe Has a Bazooka. Time to Use It.
Dr. Farrell is a professor of democracy and international affairs at Johns Hopkins.
Ever since Donald Trump started talking about taking Greenland away from Denmark, European leaders have hoped that his notoriously short attention span would save them. Mr. Trump’s threat of tariffs against eight European countries may be dimming those hopes.
After the European countries held a small military exercise in Greenland, Mr. Trump announced an economic punishment. He said he would impose new tariffs, starting at 10 percent on Feb. 1 and jumping to 25 percent on June 1, until Denmark agreed to sell Greenland to the United States. While Europeans worry that Mr. Trump’s demands could destroy NATO, Treasury Secretary Scott Bessent has suggested they have little choice. “The European leaders will come around, and they will understand that they need to be under the U.S. security umbrella,” he said. “What would happen in Ukraine if the U.S. pulled its support out? The whole thing would collapse.”
EMSZERO NEO RF HIEMT EMS Body Sculpt Machine Eletric Muscle Stimulator Muscle Massager Fat Burner Weight Loss Butt Lifter Shaper
Treasury Secretary Bessent says Denmark and its investment in the US are ‘irrelevant’
Treasury Secretary Scott Bessent on Wednesday offered some biting words about Denmark, which maintains territorial control over Greenland, after the European country’s pension fund announced it would unwind its investment in US government bonds.
Bessent said in response that Denmark and its investment in the United States were “irrelevant.â€
“Denmark’s investment in US Treasury bonds – like Denmark itself – is irrelevant,†Bessent told reporters at the World Economic Forum in Davos, Switzerland, when asked how concerned he is about institutional investors in Europe potentially pulling out of Treasuries.
“It is less than $100 million. They’ve been selling Treasuries. They have for years,†Bessent continued, adding, “I’m not concerned at all.â€
For more detailed information, explore updates concerning Opinion | Europe.
0 Comments