US Treasury Secretary Dismisses European US Debt Sell-Off Concerns Amid Greenland Tensions

US Treasury Secretary Scott Bessent dismissed concerns that European countries might sell off US debt amid tensions over Greenland, calling such claims a false narrative and unlikely due to mutual economic risks. Speaking at the World Economic Forum in Davos, he highlighted the US Treasury market's liquidity and strong foreign demand, noting that much of the debt is held by private firms beyond government control. Bessent also criticized European leaders' responses, urging calm and dialogue.