The plan would replace the $600 million in subsidies Denmark gives the island each year
The Donald Trump administration is reportedly considering giving about $10,000 to each Greenland resident as part of its plan to annex the island.
The possibility would seek to replace the $600 million Denmark gives the territory in subsidies every year, and has stopped being mere rhetoric to become official U.S. policy, according to The New York Times.
The outlet detailed that the plan already includes several cabinet departments and that the White House’s National Security Council has met several times to advance on it, recently sending specific instructions to different offices.
Also, Denmark subsides are probably in Euros. So it’s already 5% higher just on Trump’s first 3 months.
Denmark actually isn’t part of the eurozone and uses its own currency, Danish krone
Interestingly, the value of the Danish krone is pegged to the value of the euro, meaning the job of the national bank is to ensure a more or less constant exchange rate of 1€ = 7.45DKK.
So when the euro performs well, the krone performs well.