Berliner Boersenzeitung - Europe relieved but 'vigilant' after Trump Greenland climbdown

EUR -
AED 4.255569
AFN 73.569217
ALL 95.755613
AMD 437.008887
ANG 2.073921
AOA 1062.400492
ARS 1596.510973
AUD 1.662617
AWG 2.088017
AZN 1.968901
BAM 1.953568
BBD 2.334712
BDT 142.259279
BGN 1.980339
BHD 0.439124
BIF 3438.030034
BMD 1.158561
BND 1.481871
BOB 8.010227
BRL 6.057769
BSD 1.159165
BTN 109.038223
BWP 15.797698
BYN 3.435693
BYR 22707.797359
BZD 2.331587
CAD 1.598536
CDF 2638.628761
CHF 0.915906
CLF 0.026812
CLP 1058.588213
CNY 7.985615
CNH 7.995352
COP 4292.932262
CRC 539.005004
CUC 1.158561
CUP 30.701869
CVE 110.497782
CZK 24.450503
DJF 206.440134
DKK 7.472354
DOP 69.51338
DZD 153.265352
EGP 60.806419
ERN 17.378416
ETB 182.473596
FJD 2.601259
FKP 0.865707
GBP 0.865335
GEL 3.133915
GGP 0.865707
GHS 12.668845
GIP 0.865707
GMD 85.150373
GNF 10169.266904
GTQ 8.872091
GYD 242.541684
HKD 9.05755
HNL 30.725138
HRK 7.532503
HTG 152.011542
HUF 385.871527
IDR 19528.705728
ILS 3.60762
IMP 0.865707
INR 108.560417
IQD 1517.715028
IRR 1521219.675342
ISK 143.197193
JEP 0.865707
JMD 182.596072
JOD 0.821466
JPY 184.294578
KES 150.269031
KGS 101.315237
KHR 4645.830177
KMF 493.54763
KPW 1042.721602
KRW 1736.022326
KWD 0.354636
KYD 0.966042
KZT 559.322576
LAK 24995.955609
LBP 103749.145909
LKR 364.576538
LRD 212.76958
LSL 19.753733
LTL 3.42093
LVL 0.700802
LYD 7.379732
MAD 10.804718
MDL 20.2698
MGA 4819.613964
MKD 61.646764
MMK 2433.17245
MNT 4135.44684
MOP 9.335438
MRU 46.49301
MUR 53.873392
MVR 17.911178
MWK 2011.261646
MXN 20.551814
MYR 4.593669
MZN 74.043317
NAD 19.7532
NGN 1600.610517
NIO 42.542292
NOK 11.215879
NPR 174.464166
NZD 1.989644
OMR 0.445468
PAB 1.15923
PEN 4.006882
PGK 4.995141
PHP 69.446508
PKR 323.325465
PLN 4.273631
PYG 7542.446202
QAR 4.222375
RON 5.094658
RSD 117.44566
RUB 93.873663
RWF 1690.34063
SAR 4.346593
SBD 9.317119
SCR 15.810264
SDG 696.295134
SEK 10.785219
SGD 1.482188
SHP 0.869221
SLE 28.497915
SLL 24294.459313
SOS 662.119922
SRD 43.261249
STD 23979.875432
STN 24.874307
SVC 10.14354
SYP 128.540334
SZL 19.75347
THB 37.709977
TJS 11.100278
TMT 4.066549
TND 3.362145
TOP 2.789536
TRY 51.387863
TTD 7.882299
TWD 36.959244
TZS 2977.57035
UAH 50.895102
UGX 4289.209702
USD 1.158561
UYU 46.927388
UZS 14140.237955
VES 531.638381
VND 30528.084714
VUV 138.457402
WST 3.172374
XAF 655.236527
XAG 0.015925
XAU 0.000254
XCD 3.131069
XCG 2.089294
XDR 0.813879
XOF 654.010453
XPF 119.331742
YER 276.435289
ZAR 19.583271
ZMK 10428.435247
ZMW 21.707225
ZWL 373.056198
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    0.3000

    15.9

    +1.89%

  • CMSC

    0.0500

    22.92

    +0.22%

  • BTI

    0.8600

    58.62

    +1.47%

  • VOD

    0.1000

    14.76

    +0.68%

  • RIO

    0.9700

    87.74

    +1.11%

  • BCE

    -0.2210

    25.609

    -0.86%

  • BP

    0.7550

    45.545

    +1.66%

  • AZN

    2.7950

    188.575

    +1.48%

  • CMSD

    0.0600

    22.69

    +0.26%

  • RELX

    -0.0850

    32.375

    -0.26%

  • GSK

    1.9650

    54.915

    +3.58%

  • JRI

    0.3100

    12.17

    +2.55%

  • NGG

    2.1900

    84.52

    +2.59%

  • BCC

    0.7400

    74.31

    +1%

Europe relieved but 'vigilant' after Trump Greenland climbdown
Europe relieved but 'vigilant' after Trump Greenland climbdown / Photo: NICOLAS TUCAT - AFP

Europe relieved but 'vigilant' after Trump Greenland climbdown

European leaders breathed a collective sigh of relief Thursday after President Donald Trump's climbdown over Greenland -- but with few illusions about the perilous state of transatlantic ties as they huddled for summit talks in Brussels.

Text size:

NATO chief Mark Rutte appeared to have pulled off a diplomatic coup by talking Trump down from his Greenland demands -- but swirling questions remained about their purported deal, and what might follow.

"We are back to a situation that seems much more acceptable, even if we remain vigilant," French President Emmanuel Macron said at the start of the emergency summit.

Trump's threats over the vast Arctic island -- an autonomous territory of NATO member Denmark -- plunged relations between Europe and its key ally Washington to a historic low.

While the immediate danger to NATO seemed to have passed, the bloc maintained an evening meeting called to address the crisis -- its focus now on how to handle the unpredictable US leader going forward.

Macron insisted that a push in the European Union to unleash its trade arsenal against the United States had helped persuade Trump to back down.

"We remain extremely vigilant and ready to use the instruments at our disposal if we were to face threats again," the French leader told reporters.

Denmark's Prime Minister Mette Frederiksen said support from across Europe for her country had been "extremely important in this very difficult situation".

"When we stand together and when we are clear and strong also in our willingness to stand up for ourselves, then the results will show," she said.

- Details scarce -

Trump backed down Wednesday night both on threatening to seize Greenland by force and on imposing tariffs against European allies, saying he had reached a "framework" of a deal on the island that satisfied him.

The startling turnaround came after talks at the Davos forum with Rutte, who told AFP afterwards that there was "still a lot of work to be done".

Details remain scant on any agreement, but a source familiar with the talks told AFP the United States and Denmark would renegotiate a 1951 defence pact on Greenland.

Trump said the accord would give Washington "everything we wanted" -- however, there was no sign he had succeeded in his repeated vow to make Greenland part of the United States.

Frederiksen said discussions about Denmark's sovereignty were off the table. "It cannot be changed," she said.

She told reporters in Brussels that Denmark was open to discussing the 1951 pact with the United States, "but it has to be in the framework of us as a sovereign state".

She also said NATO states backed having a "permanent presence" in the Arctic, including around Greenland.

Greenland's Prime Minister Jens-Frederik Nielsen said he did not know what had been agreed with Trump, but said he wanted to continue a "peaceful dialogue".

- 'Way to go' -

It was still unclear what exactly prompted Trump's U-turn.

German Chancellor Friedrich Merz welcomed Trump's retreat over Greenland, calling it "the right way to go". But speaking in Davos he also warned of perilous times ahead.

"We have entered a time of great power politics. The international order of the past three decades anchored in international law has always been imperfect. Today, its very foundations have been shaken," Merz said.

Europe has struggled to set red lines as its once-close American ally has turned hostile under Trump -- to the point of threatening its sovereignty.

"It's absolutely obvious for all of us that we have to do everything to protect our transatlantic relations," said Polish Prime Minister Donald Tusk.

"But what we need today in our politics is trust and respect among all partners, not domination, and for sure, not coercion."

The continent is ramping up defence spending to break its security reliance on the United States -- but for now, it still needs US help to end the Ukraine war, and deter the looming Russian threat to its east.

Greenland is only part of the picture, as the United States wages a broader attack on the EU's laws, politics and values -- points pressed home by Trump on the stage in Davos.

Leaders are well aware any respite may be short-lived, and indeed Trump was back with new threats Thursday afternoon, vowing reprisals if European countries dumped US Treasury bonds to pressure Washington.

(Y.Yildiz--BBZ)