Market
Will Denmark complete Greenland's $1.5 billion defense upgrade by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Danish government or defense ministry reports
Story
Denmark Boosts Greenland Defense by $1.5 Billion After Trump's Renewed Interest, Adds Dog Sled Teams
Dec 24, 2024, 07:47 PM
Denmark has announced a significant boost in defense spending for Greenland, following US President-elect Donald Trump's renewed interest in purchasing the Arctic territory, which he described as an 'absolute necessity' for the US. The Danish government will invest approximately $1.5 billion to strengthen Greenland's security, including acquiring two new inspection ships, two long-range drones, two extra dog sled teams, and enhancing its military presence. The defense package also plans upgrades to an airport to accommodate Denmark's F-35 fighter jets. Danish Defense Minister Troels Lund Poulsen noted that the timing of the announcement was 'an irony of fate', stating the plans were already underway prior to Trump's comments.
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