EU leaders snub $800BN Ukraine deal after President ‘crossed the line’
BY SCM REPORTER
DAVOS, Switzerland – A MASSIVE $800 billion plan to rebuild war-torn Ukraine has been sensationally mothballed at Davos after Donald Trump sparked a diplomatic civil war.
Furious European leaders have pulled the plug on the “Prosperity Plan” signing ceremony, accusing the US President of “crossing a line” with his shock demands to buy Greenland and his controversial new “Board of Peace” for Gaza.
The World Economic Forum was rocked today as the landmark deal—intended to be the crowning achievement of the summit—was indefinitely delayed.
One senior European diplomat told the Financial Times: “No signing for now… he has crossed a line.
Nobody is in the mood for a grand spectacle with Trump right now.”
Arctic Ambitions & Gaza Tensions
The fallout began when President Trump reportedly blindsided allies by doubling down on his ambition to acquire Greenland from Denmark.
The row escalated into a full-blown trade war threat, with the White House warning of 10% tariffs on European nations that stand in his way.
Adding fuel to the fire is Trump’s new “Board of Peace,” a body designed to oversee the reconstruction of Gaza. European officials are reportedly “seething” over the proposal, which they claim bypasses traditional international institutions like the UN and carries a staggering $1 billion price tag for countries wanting a permanent seat.
The real victim of the playground spat is Ukraine.
The $800bn recovery package was meant to signal a united Western front against Russian aggression. Instead, the documents remain unsigned as EU chiefs refuse to share a stage with the 47th President.
President Zelenskyy, who opted to remain in Kyiv following fresh Russian strikes on Ukraine’s energy grid, had hoped the Davos summit would secure the country’s economic future.
Now, that future is in limbo as the “Spirit of Davos” evaporates into the Alpine air.
Why the Deal Collapsed
The Price of Peace: Trump’s “Board of Peace” for Gaza has been criticized as “transactional diplomacy,” with the US President appointing figures like Jared Kushner and former UK PM Tony Blair to its executive board.
The Greenland Gambit:
What started as a fringe idea in Trump’s first term has returned as a serious foreign policy demand. Denmark has flatly refused to sell the territory, calling the proposal “absurd.”
Trump has threatened a “tariff wall” against eight European countries, including the UK, France, and Germany, unless they cooperate with his Arctic and Middle Eastern agendas.
EU Commission President Ursula von der Leyen pointedly skipped a potential face-to-face meeting with Trump in Davos, returning to Brussels early to prep for a “crisis summit” of European leaders.
