Could Europe use its financial muscle to strong-arm the U...

What this episode covers

Could European Nato members use their large holdings of US shares and bonds to put pressure on America? It’s a question that some in Europe found themselves asking as the geopolitical crisis over Greenland escalated and leaders desperately tried to think of ways to dissuade Donald Trump. It is true that trillions of dollars of American financial assets are held in Europe. But the devil, as ever, is in the detail. Tim Harford talks to Toby Nangle, a journalist with the Financial Times, to drill down into the numbers.Presenter: Tim Harford Producer: Nathan Gower Series Producer: Tom Colls Editor: Richard Vadon Programme Coordinator: Brenda Brown Sound Engineer: James Beard

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How long is this episode of More or Less?

This episode is 8 minutes long.

When was this More or Less episode published?

This episode was published on January 31, 2026.

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Could European Nato members use their large holdings of US shares and bonds to put pressure on America? It’s a question that some in Europe found themselves asking as the geopolitical crisis over Greenland escalated and leaders desperately tried to...

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