During a session in Davos on January 22, German Finance Minister Lars Klingbeil firmly opposed any intensification of conflicts between the United States and Europe amid looming tariff threats that have unsettled global markets. Stressing the importance of the transatlantic partnership, Klingbeil stated, "The transatlantic relationship is not about harming each other," emphasizing cooperation rather than confrontation.
In response to reports that a Danish pension fund offloaded U.S. government bonds, which some interpreted as a financial snub, Klingbeil resisted calls within Europe for retaliatory action against the United States. "This is absolutely not about breaking with the Americans or dissolving the relationship," he assured attendees at the World Economic Forum.
The minister acknowledged Europe's strong position and its array of available options but clarified that the priority was to avoid escalation. After engaging with investors in Davos, Klingbeil noted that the international landscape remains unsettled, with established alliances under strain. Despite these challenges, he observed a prevailing trend of countries and regions seeking closer collaboration with Germany and the broader European community.
Addressing the contention over Greenland, Klingbeil welcomed ongoing dialogue as a positive step, cautioning against premature conclusions until any formal agreement is established in clear terms. He condemned any threats of military action or attempts by the United States to annex Greenland, labeling such moves as unacceptable to Europe. Nonetheless, Klingbeil conveyed a willingness to negotiate on legitimate security concerns within the framework of NATO.