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Trump Wants to Buy Greenland, Likens Transactions to a “Large Real Estate Deal”

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US President Donald Trump is interested in buying Greenland from Denmark, suggesting it would be “strategically nice” for the US to own the territory.

Trump confirmed on Sunday that the idea of buying Greenland has been discussed within his administration, saying the self-governing territory will offer strategic benefits to the US and that it is apparently a financial burden to Denmark.

“It’s just something we’ve talked about,” Trump told reporters when asked about the prospect.

“Denmark essentially owns it. We’re very good allies with Denmark. We’ve protected Denmark like we protect large portions of the world, so the concept came up.”

Asked if he would trade in US territories for Greenland, Mr. President compared the transaction to a “large real estate deal”.

“A lot of things can be done,” Trump said.

“It’s hurting Denmark very badly because they’re losing almost $700m a year carrying it. So they carry it at a great loss. And, strategically, for the United States, it would be nice.”

Greenland is home to about 56,000 people and depends on Denmark for national security and foreign affairs while being geographically part of North America.

It is considered a “strategic place” due to its central location between the Atlantic and Arctic oceans, in addition to its potential natural resources such as unique earth metals, oil and gas.

The US President is expected to visit Denmark next month as part of a trip to Europe.

Source Link: https://www.ft.com/content/672f1c0a-c218-11e9-a8e9-296ca66511c9

About the author

Ezra Ondara

Ezra Ondara

Ezra Ondara is a freelance writer and journalist with a keen interest digital marketing, finance, real estate and insurance. He has a nose for news in these key areas and is determined to keep online readers and enthusiasts up to date with real stories as they happen from all around the globe. When he’s not poking his nose into the business world, he will be watching the Premier League over the weekend or out of town with his family.

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