We are at immediate risk by our overexposure to the US economy. This is in terms of (i) their predictable economic risk and (ii) their (current) overt abuse of financial leverage.

We should treat as we would with any financial portfolio, which means that we should diversify to reduce our risks. We must invest positively for growth and development in the EU and wider world outside of the US.

Well, Scott Bessent is a twat, but 100M in US tbills isn’t a dot on the map. But maybe it pushes other investment funds and governments the same way a little bit.

Ironically enough, Denmark and the EU should be listening to an English saying:

Once you have paid him the Danegeld you will never be rid of the Dane.