EU Weaponizing US Assets a Risk, Deutsche Bank’s Saravelos Says
US President Donald Trump’s trade threats toward European governments over Greenland raise the possibility the latter may trim their holdings of US assets, supporting the euro, according to a Deutsche Bank AG strategist.
Europe is the US’s largest lender with its countries owning $8 trillion of US bonds and equities, almost twice as much as the rest of the world combined, George Saravelos, Deutsche Bank’s global head of FX research, wrote in a note to clients on Sunday.