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22.01.26 - 12:06
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Nato chief urges ′thoughtful diplomacy′ after US treasury secretary′s jibe at Denmark (The Guardian)
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Trump expected to face tough reception from European leaders in Davos over threat to seize GreenlandBusiness live – latest updatesEurope live – latest updatesCarney emerging as unflinching realist ready to tackle Trump
Donald Trump has landed in Switzerland for the Davos global gathering as Nato's secretary general said “thoughtful diplomacy” was the only way to deal with growing transatlantic tensions, remarks that came shortly after the US treasury secretary had dismissed Denmark as an irrelevance.The US president's threats to seize Greenland, a largely self-governing part of Denmark, risk tearing the transatlantic alliance apart, while his promise to impose tariffs on European nations who oppose him could trigger a trade war with the EU. Continue reading......
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20.01.26 - 15:45
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"The US Is Basically Not A Good Credit": Danish Pension Fund To Sell US Treasuries (ZeroHedge)
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"The US Is Basically Not A Good Credit": Danish Pension Fund To Sell US Treasuries
Over the weekend, Deutsche Bank's head of FX George Saravelos laid out one theoretical reason why in his view, Europe has leverage over the US in the latest burst of transatlatnic tensions over Greenland: or rather $8 trillion reasons why the US has leverage.
As Saravelos wrote, "European countries own $8 trillion of US bonds and equities, almost twice as much as the rest of the world combined" and added that in an environment where the geoeconomic stability of the western alliance is being disrupted existentially, "it is not clear why Europeans would be as willing to play this part. Danish pension funds were one of the first to repatriate money and reduce their dollar exposure this time last year. With USD exposure still very elevated across Europe, developments over the last few days have potential to further encourage dollar rebalancing."
Sure enough, just hours later, Europ...
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