Greenland deal doesn't solve 'mutual alienation' between America and its allies, warns economists, and it puts the USD under threat | Fortune
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Greenland deal doesn't solve 'mutual alienation' between America and its allies, warns economists, and it puts the USD under threat | Fortune
""It's in that spirit that we can still talk about a fracturing, more dangerous, world, in which the U.S. is less vaunted, the USD loses its reserve currency status, and where the U.S. focuses instead on the Western Hemisphere as its sole and defendable redoubt," the pair explained."
"The duo wrote there is a "mutual alienation" between America and its European counterparts."
""Even in the Greenland deal supposedly reached yesterday, there are elements of mutual distrust," write Wizman and Berry."
Tensions between the United States and European partners eased temporarily after a reported framework agreement to strengthen U.S. defense systems in the Arctic and reduce immediate tariff threats. Details of the arrangement remain unclear, especially regarding the extent of U.S. military control over NATO territory within the Kingdom of Denmark. Broader friction persists over NATO contributions and tariff policies, contributing to mutual distrust. Economic strategists warn of mutual alienation that could lead to a more dangerous, fracturing world, potential weakening of the U.S. dollar's reserve status, and a narrowed U.S. strategic focus on the Western Hemisphere.
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