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Moneycontrol09-01-2026, 10:39

Trump's Greenland Cash Plan: Billions for Loyalty, Strategic Arctic Control?

  • US discussed offering $10,000-$100,000 per Greenlander to encourage independence from Denmark and alignment with Washington.
  • The plan, pushed by President Trump, aims to secure Greenland's strategic Arctic location and vast rare earth mineral reserves.
  • A $100,000 payout per person for 57,000 residents could cost $6 billion initially, with much higher long-term expenses.
  • While Greenlanders favor independence from Denmark, surveys show strong resistance to joining the US due to cultural and economic concerns.
  • European leaders, including Denmark, reject US claims, emphasizing Greenland's self-determination; Greenland's PM stated it's "not for sale."

Why It Matters: US cash offer for Greenland's loyalty highlights geopolitical stakes, but faces strong local and international resistance.

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