Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Greenland's independence gradualists win election amid Trump control pledge
    Headlines

    Greenland's independence gradualists win election amid Trump control pledge

    Greenland's independence gradualists win election amid Trump control pledge

    Published by Global Banking and Finance Review

    Posted on March 11, 2025

    Featured image for article about Headlines

    By Jacob Gronholt-Pedersen and Tom Little

    NUUK, Greenland (Reuters) -Greenland's pro-business opposition Demokraatit party, which favours a slow approach to independence from Denmark, won Tuesday's parliamentary election that was dominated by U.S. President Donald Trump's pledge to take control of the island.

    Demokraatit secured 29.9% of the votes with all ballots counted, up from 9.1% in 2021, ahead of the opposition Naleraq party, which favours rapid independence, at 24.5%.

    Since taking office in January, Donald Trump has vowed to make Greenland - a semi-autonomous territory of Denmark - part of the United States, saying it is vital to U.S. security interests, an idea rejected by most Greenlanders.

    The vast island, with a population of just 57,000, has been caught up in a geopolitical race for dominance in the Arctic, where melting ice caps are making its resources more accessible and opening new shipping routes. Both Russia and China have intensified military activity in the region.

    "People want change ... We want more business to finance our welfare," said Jens-Frederik Nielsen, Demokraatit's leader and a former minister of industry and minerals.

    "We don't want independence tomorrow, we want a good foundation," Nielsen told reporters in Nuuk.

    He will now hold talks with other parties to try and form a governing coalition.

    The ruling Inuit Ataqatigiit party and its partner Siumut, which also seek a slow path towards independence, won a combined 36% of votes, down from 66.1% in 2021.

    "We respect the election outcome," Prime Minister Mute Egede of the Inuit Ataqatigiit said in a Facebook post, adding that he would listen to any proposals in upcoming coalition talks.

    Greenland is a former Danish colony and has been a territory since 1953. It gained some autonomy in 1979 when its first parliament was formed, but Copenhagen still controls foreign affairs, defence and monetary policy and provides just under $1 billion a year to the economy.

    In 2009, it won the right to declare full independence through a referendum, even though it has not done so out of concern living standards would drop without Denmark's economic support.

    "I strongly believe that we will very soon start to live a life more based on who we are, based on our culture, based on our own language, and start to make regulations based on us, not based on Denmark," said Qupanuk Olsen, candidate for the main pro-independence party Naleraq.

    Inge Olsvig Brandt, a candidate for the ruling Inuit Ataqatigiit party, said:

    "We don't need the independence right now. We have too many things to work on. I think we have to work with ourselves, our history, and we are going to have a lot of healing work with us before we can take the next step."

    Voting had been extended by half an hour at some of the 72 polling stations across the Arctic island, where some 40,500 people were eligible to cast their ballot, although the final turnout was not immediately available.

    INUIT PRIDE

    Trump's vocal interest has shaken up the status quo, and coupled with the growing pride of the Indigenous people in their Inuit culture, put independence front and centre in the election.

    In the final debate on Greenland's state broadcaster KNR late on Monday, leaders of the five parties currently in parliament unanimously said they did not trust Trump.

    "He is trying to influence us. I can understand if citizens feel insecure," said Erik Jensen, leader of government coalition partner Siumut.

    A January poll suggested a majority of Greenland's inhabitants support independence, but are divided on timing.

    Early on, the election campaign focused on the anger and frustration aimed at historical wrongdoings by Denmark, according to Julie Rademacher, a consultant and former adviser to Greenland's government.

    "But I think the fear of the U.S. imperialist approach has lately become bigger than the anger towards Denmark," said Rademacher.

    Reuters spoke to more than a dozen Greenlanders in Nuuk, all of whom said they favoured independence, although many expressed concern that a swift transition could damage the economy and eliminate Nordic welfare services like universal healthcare and free schooling.

    "We don't want to be part of the U.S. for obvious reasons; healthcare and Trump," said Tuuta Lynge-Larsen, a bank employee and Nuuk resident, adding that this election was especially important. "We don't like the attention, to put it short."

    The island holds substantial natural resources, including critical minerals such as rare earths used in high-tech industries, ranging from electric vehicles to missile systems.

    However, Greenland has been slow to extract them due to environmental concerns, severe weather, and China's near-total control of the sector, which has made it difficult for companies elsewhere to make a profit or secure buyers.

    INVESTMENT PLEDGES

    Trump initially declined to rule out military force to take control of the territory, alarming many Greenlanders, although he later softened his stance, stating he would respect the will of the local people and was "ready to invest billions of dollars" if they joined the U.S..

    Egede has stressed the island is not for sale and advocated for a broad coalition government to resist external pressure. In an interview aired on Monday by Danish broadcaster DR, he dismissed Trump's offer as disrespectful, expressing willingness to cooperate with other countries instead.

    Denmark's prime minister has said Greenland is not for sale, but made it clear that it is up to the local people to decide their future.

    All six main political parties support independence but differ on how and when it could be achieved.

    The pro-independence Naleraq party, the leading opposition force, had gained momentum ahead of the election, bolstered by U.S. interest and fresh accusations of Denmark's historic exploitation of Greenland's mineral wealth.

    The party believes the U.S. attention strengthens Greenland's position in secession talks with Denmark and aims to bring a deal with Copenhagen to a vote before the next election in four years.

    (Reporting by Tom Little and Jacob Gronholt-Pedersen; additional reporting by Louise Rasmussen, Johan Ahlander, Stine Jacobsen and Terje Solsvik; Editing by Sharon Singleton, Alexandra Hudson, Gerry Doyle and Kate Mayberry)

    Related Posts
    Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
    Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz
    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz
    Slovaks rally against government moves they see damaging rule of law
    Slovaks rally against government moves they see damaging rule of law
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    US threatens countermeasures after EU fine on Musk's X
    US threatens countermeasures after EU fine on Musk's X
    EU drops 2035 combustion engine ban as global EV shift faces reset
    EU drops 2035 combustion engine ban as global EV shift faces reset
    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says
    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    Campari's parent company settles tax dispute with 405 million euro payment
    Campari's parent company settles tax dispute with 405 million euro payment
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Reactions to European Commission proposal to reverse 2035 combustion engine ban
    Reactions to European Commission proposal to reverse 2035 combustion engine ban

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostAustralian surfer feared dead after shark attack, police say
    Next Headlines PostOnly seven countries met WHO air quality standards in 2024, data shows

    More from Headlines

    Explore more articles in the Headlines category

    Italy's offshore wind push languishes, putting climate goals at risk

    Italy's offshore wind push languishes, putting climate goals at risk

    New Rome metro stations showcase ancient treasures after years of delays

    New Rome metro stations showcase ancient treasures after years of delays

    New Czech government signals tough stance on migration, EU emissions rules

    New Czech government signals tough stance on migration, EU emissions rules

    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 

    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 

    Zaporizhzhia nuclear plant running on single power line, Russia says

    Zaporizhzhia nuclear plant running on single power line, Russia says

    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    Germany wraps up Patriot air defence mission in Poland

    Germany wraps up Patriot air defence mission in Poland

    Bosnian police detain two officials over deadly retirement home fire

    Bosnian police detain two officials over deadly retirement home fire

    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy

    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy

    Family of Bondi hero in Syria says his home country is proud of him

    Family of Bondi hero in Syria says his home country is proud of him

    UK police charge two men with belonging to Hezbollah, attending terrorism training

    UK police charge two men with belonging to Hezbollah, attending terrorism training

    View All Headlines Posts