Zürcher Nachrichten - 'Vigilant' Europe eyes next Trump shock after Greenland climbdown

EUR -
AED 4.253039
AFN 75.848841
ALL 92.870483
AMD 423.212334
ANG 2.072709
AOA 1063.115472
ARS 1724.246347
AUD 1.633351
AWG 2.085989
AZN 1.969006
BAM 1.957707
BBD 2.32967
BDT 141.988339
BGN 1.964525
BHD 0.436225
BIF 3457.969088
BMD 1.158078
BND 1.479542
BOB 13.481135
BRL 6.049775
BSD 1.156727
BTN 110.320485
BWP 15.583183
BYN 3.518228
BYR 22698.334915
BZD 2.326367
CAD 1.60589
CDF 2632.311481
CHF 0.940452
CLF 0.026882
CLP 1058.010682
CNY 7.809152
CNH 7.808528
COP 3626.869657
CRC 520.407031
CUC 1.158078
CUP 30.689075
CVE 110.372536
CZK 24.216802
DJF 205.980686
DKK 7.476774
DOP 67.705966
DZD 152.476557
EGP 58.231187
ERN 17.371175
ETB 187.115106
FJD 2.587376
FKP 0.855862
GBP 0.854604
GEL 3.022888
GGP 0.855862
GHS 12.666341
GIP 0.855862
GMD 85.150881
GNF 10160.899732
GTQ 8.825599
GYD 241.955737
HKD 9.08773
HNL 31.008211
HRK 7.538165
HTG 151.297409
HUF 363.062208
IDR 20645.062068
ILS 3.422235
IMP 0.855862
INR 110.539212
IQD 1515.276329
IRR 1591879.972392
ISK 142.235156
JEP 0.855862
JMD 183.17847
JOD 0.821048
JPY 184.325569
KES 149.69342
KGS 101.273413
KHR 4680.560255
KMF 494.499737
KPW 1042.270821
KRW 1639.700321
KWD 0.357476
KYD 0.963939
KZT 536.732937
LAK 26106.435416
LBP 103582.620213
LKR 384.905012
LRD 209.944548
LSL 18.712932
LTL 3.419504
LVL 0.70051
LYD 7.365176
MAD 10.728453
MDL 20.057542
MGA 4979.851854
MKD 61.585002
MMK 2431.723122
MNT 4164.461595
MOP 9.349309
MRU 46.453259
MUR 54.556364
MVR 17.892503
MWK 2005.7542
MXN 19.702848
MYR 4.729705
MZN 74.012702
NAD 18.712932
NGN 1573.816785
NIO 42.571477
NOK 10.920927
NPR 176.512976
NZD 1.963898
OMR 0.44152
PAB 1.156727
PEN 3.901401
PGK 5.196063
PHP 71.182467
PKR 321.274016
PLN 4.308132
PYG 6942.764313
QAR 4.216708
RON 5.243312
RSD 117.454435
RUB 97.198323
RWF 1700.957237
SAR 4.342831
SBD 9.320889
SCR 15.930521
SDG 695.429857
SEK 11.015114
SGD 1.480832
SHP 0.857981
SLE 28.336876
SLL 24284.322267
SOS 661.044053
SRD 43.977445
STD 23969.882907
STN 24.523894
SVC 10.120861
SYP 15057.334103
SZL 18.710229
THB 38.355494
TJS 10.682108
TMT 4.064855
TND 3.391404
TOP 2.788375
TRY 55.471604
TTD 7.836635
TWD 37.06431
TZS 3068.849332
UAH 51.745115
UGX 4297.186735
USD 1.158078
UYU 46.345154
UZS 13770.416472
VES 891.846646
VND 30282.010741
VUV 136.584207
WST 3.166754
XAF 656.59672
XAG 0.017828
XAU 0.000265
XCD 3.129764
XCG 2.084631
XDR 0.818821
XOF 656.59672
XPF 119.331742
YER 274.692899
ZAR 18.739693
ZMK 10424.091552
ZMW 21.861299
ZWL 372.900744
  • CMSD

    -0.0100

    21.58

    -0.05%

  • CMSC

    -0.0250

    21.45

    -0.12%

  • BCC

    -0.8900

    83.24

    -1.07%

  • BCE

    0.1500

    23.47

    +0.64%

  • RBGPF

    0.0000

    71.34

    0%

  • NGG

    -0.1500

    81.05

    -0.19%

  • BTI

    -0.2900

    57.06

    -0.51%

  • AZN

    -0.7900

    156.45

    -0.5%

  • RIO

    -0.4100

    95.68

    -0.43%

  • GSK

    -0.4785

    49.52

    -0.97%

  • JRI

    0.0635

    12.61

    +0.5%

  • BP

    0.2196

    42.53

    +0.52%

  • VOD

    0.2000

    16.42

    +1.22%

  • RELX

    -0.2400

    34.43

    -0.7%

  • RYCEF

    0.1300

    20.84

    +0.62%

'Vigilant' Europe eyes next Trump shock after Greenland climbdown
'Vigilant' Europe eyes next Trump shock after Greenland climbdown / Photo: NICOLAS TUCAT - AFP

'Vigilant' Europe eyes next Trump shock after Greenland climbdown

One crisis defused, how long until the next one? European leaders huddled for summit talks Thursday exuding relief at Donald Trump's climbdown on Greenland -- but already steeling themselves for the next jolt from the mercurial US leader.

Text size:

Trump's threats over the vast Arctic island -- an autonomous territory of NATO member Denmark -- plunged relations between Europe and its key ally Washington to a historic low.

While the immediate danger appeared to recede after Trump struck a "framework" agreement with NATO chief Mark Rutte, the bloc maintained a meeting called to address the crisis -- and how to handle the US leader going forward.

It was still unclear what exactly prompted Trump's U-turn, but French President Emmanuel Macron insisted a push to unleash the European Union's trade arsenal against the United States played a part -- and said Europe remains "extremely vigilant".

Addressing a news conference after the summit, European Council chief Antonio Costa vowed the bloc "will continue to stand up for its interests" and defend itself "against any form of coercion."

"It has the power and the tools to do so, and will do so if and when necessary."

- Details scarce -

Trump backed down Wednesday night both on threatening to seize Greenland by force and on imposing tariffs against European allies, touting a "framework" agreement that would give Washington "everything we wanted".

Costa described the about-turn on tariffs as "positive" and called for the trade deal agreed with Washington last summer -- which senior European lawmakers had vowed to block in response to US threats -- to be fully rolled out.

"The goal remains the effective stabilisation of the trade relations between the European Union and the US," Costa said, summing up what EU leaders concluded during the evening talks.

NATO's Rutte appeared to have pulled off a diplomatic coup by talking Trump down from his demands -- but swirling questions remained about their purported deal, and what might follow.

Details remain scant, with Greenland's Prime Minister Jens-Frederik Nielsen saying he did not know what had been agreed.

But a source familiar with the talks told AFP the United States and Denmark would renegotiate a 1951 defence pact on Greenland.

In Brussels, Danish Prime Minister Mette Frederiksen told reporters the matter of Denmark's sovereignty was off the table, but that Copenhagen was open to discussing the pact with the United States.

She also said NATO states backed having a "permanent presence" in the Arctic, including around Greenland.

The Danish leader -- who has maintained close contact with Rutte -- was to meet the NATO chief for a debrief Friday morning in Brussels.

- 'A tweet away' -

Europe has struggled to set red lines as its once-close American ally has turned hostile under Trump -- to the point of threatening its sovereignty.

"You know we're only a tweet away from the next crisis," summed up one EU diplomat.

Greenland is only part of the picture, as Trump wages a broader attack on the EU's laws, politics and values, zig-zags on the Ukraine conflict, or pushes a self-styled "Board of Peace" after a year of tearing down global norms.

EU leaders had "serious doubts about a number of elements" of the latter initiative, including its scope, governance and compatibility with the UN Charter, Costa said.

Polish Prime Minister Donald Tusk said the importance of preserving transatlantic ties was "absolutely obvious" for all Europeans.

"But what we need today in our politics is trust and respect among all partners, not domination, and for sure, not coercion," he said.

The continent is ramping up defence spending to break its security reliance on the United States -- but for now, it still needs US help to end the Ukraine war, and deter the looming Russian threat to its east.

With a transatlantic clash over Greenland at least temporarily defused, the EU's top diplomat Kaja Kallas said it was "important to focus back on where the problems really lie -- and this is the war in Ukraine."

D.Graf--NZN