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Can Europe Really Dump Its US Debt Holdings?
Recent geopolitical friction between the United States and the European Union, sparked by tensions over Greenland, has put a spotlight on the deep economic ties that bind them. As European leaders evaluate their strategic options against potential US pressure, one controversial idea has emerged: offloading their massive holdings of US debt. While a "framework of a deal" reached at Davos has temporarily cooled the situation, EU nations are still preparing for future escalations. Two powerful countermeasures have been discussed. The first is a "trade bazooka" that would block US companies from the vast EU market, ... (full story)