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

World
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Moneycontrol•09-01-2026, 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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