Crypto World
E.U. Gives Greenland Major Investment Boost Amid Trump’s Annexation Threats
Significance of the financial pledges amid fraught geopolitical tensions
The investment package is a strong “signal” that Europe is committed to Greenland’s growth and security, says Katja Bego, senior research fellow at think tank Chatham House’s Europe programme.
“Traditionally, before the situation now with Trump, the E.U. and Denmark itself have been accused of not paying quite enough attention to Greenland, especially not enough to genuinely support economic development there,” Bego tells TIME.
Trump’s threats towards the territory have “put a bit of urgency behind the E.U.’s efforts,” Bego adds, but notes there are also other factors, such as the economic benefits of critical mineral mining.
The emphasis on improving satellite communications in the Arctic region is particularly interesting, experts tell TIME, given Greenland’s previous rejection of Starlink, the satellite internet technology made by Elon Musk’s Space X.
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