While European politicians were still debating on Monday whether they should respond seriously to the US President’s threats to Greenland, Deutsche Bank came forward with an idea. In an analysis, the institute outlined the USA’s Achilles heel. The United States is known to be the most important consumer market. Year after year, Americans import cars, machines and electronics from all over the world. Loans from Europe help finance these shopping trips. European investors, especially private pension funds, hold US financial securities worth $8,000 billion, writes George Saravelos of Deutsche Bank. These are stocks and bonds.
