European leaders are considering dumping $2.34 trillion in US debt if Trump abandons Ukraine, potentially triggering an economic crisis worse than 2008
European leaders are considering dumping $2.34 trillion in US debt if Trump abandons Ukraine, potentially triggering an economic crisis worse than 2008
Wouldn’t they just be shooting themselves in the foot here? Even with all the talk about decoupling and tariffs, the European and American economy are still heavily intertwined and a recession in the US will almost certainly spread to the EU.
Look at what happened in 2008, some wall street crooks made some stupid bets on mortgages and then the euro-zone got sent into a debt crisis.