Trump decided to ignore Denmark’s exit from US government bonds due to encroachment on Greenland

Scott Bessent. Photo: Getty Images

US Treasury Secretary Scott Bessent said at a news conference on the sidelines of the World Economic Forum on Wednesday that the US was not concerned about the sell-off of US Treasuries through Greenland and called Denmark “irrelevant”.

Source: “European Truth” with reference to CNBC

Details: Danish pension operator AkademikerPension said on Tuesday it is selling $100 million worth of US Treasuries. The decision was due to the “poor state of the (US) government’s finances,” said Anders Schelde, AkademikerPension’s investment director.

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When asked how concerned he was about European investors pulling out of Treasuries, Bessent said at a news conference at the World Economic Forum: “Denmark’s investment in US Treasuries, like Denmark itself, is irrelevant.”

What happened before:

• Prime Minister of Greenland Jens-Frederik Nielsen said that the population and authorities of the Arctic island should start preparing for a possible military invasion, even if this remains an unlikely scenario.
• Donald Trump has said that the situation with Greenland will eventually be settled in a way that will satisfy both the United States and NATO.

Know more: GRenland crisis, which hits Ukraine. What consequences will Trump’s conflict with Europe have for the Armed Forces

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