US Reopens Military Bases in Greenland Amidst ECB Inflation Warning

The US has announced plans to reopen a military base in southern Greenland and establish a presence at a second site in eastern Greenland, according to sources.

This move comes as ECB's Lane stated that the Eurozone economy should continue growing at a steady but moderate pace if an energy shock does not intensify. However, he warned that a second wave of energy price increases will push inflation higher before it falls towards target from mid-2027.