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From the Financial Times (Evernote because £wall):We could have had expanded bases and economic development just for asking. The income from military spending and mineral rights can help create the conditions for Greenland to declare independence by replacing the Danish subsidy. After all of this bluster we will get exactly what we had a year ago. Only now we have damaged relationships with our closest allies to get right back where we started.
The great Greenland climbdown
There is a strong chance that — within a month — Trump will have moved on from Greenland and will be indulging another obsession or looking for another victim to pick off. But Europeans, Canadians and other American allies will not forget the Greenland episode. It has crystallised many of their fears and resentments about the US.
The reason that Carney’s speech resonated so widely was that it was an explicit acknowledgment that the old order, based on a benign US, has gone. And it was also a call to action that many in Davos found inspiring.













