France is working with partners on a plan over how to respond should the United States act on its threat to take over Greenland, Foreign Affairs Minister Jean-Noel Barrot said on Wednesday.
France is working with partners on a plan over how to respond should the United States act on its threat to take over Greenland, Foreign Affairs Minister Jean-Noel Barrot said on Wednesday.
This is all dumb. There is no reason for troops, ect. Trump admin isn’t going to “take” Greenland. Yes, he is bat-shit insane, but all the EU (or even just the group that signed the letter) has to do is just casually mention that they will all immediately sell the Tbond debt. The EU collectively holds more than 2.3 Trillion in bonds. A simple word to the billionaires that are behind the administration that this will happen will stop all of it. They money guys ain’t that crazy to let Europe bankrupt the US Treasury in one fell swoop.
Right-wing tech billionaires talk openly about their “network state” goal, two aspects of which include sidelining sovereign currency and weakening/destroying existing governmental institutions
Oh yes. They do want that, just not all at once.
This would hurt the EU as well because:
those t bonds serve as a reserve giving the euro value as it can be exchanged for USD, if they sell the t bonds then people can’t exchange them for USD as easily and the value will go down as it’s harder to buy things outside of the EU which is usually denominated in USD, and a currency is only as valuable as what you can buy with it.
this will crash the US economy and every recession that the US goes through Europe ends up getting dragged into as well
dumping that many t bonds would reduce the price and thus they would have to sell them at a loss, leaving multi hundred billion euro hole in there balance sheet
This isn’t to say they can’t do it, just that it would cost them a lot and it remains a question if your average EU citizen would tolerate these hardships for Greenland. They’ve already shown they aren’t willing to completely cut themselves off from Russian gas for Ukraine, and Ukraine seems a more relevant cause for them then Greenland.
It would be an “if I fall you’re coming with me” measure.