Copenhagen steps up its defense budget amid Trump’s campaign to buy Greenland and determination to strike a deal with Russia.

Buy, buy, buy." After decades of drastic cuts in defence spending, Denmark last year allocated and extra 190 billion crowns for its military over a 10-year span. The capabilities would be purchased without going through the normal lengthy tender procedures,

Denmark will boost its defense spending to more than 3% of economic output as the nation seeks to counter an escalation in security threats from Russia.

A mood of panic is spreading across Europe after the dramatic foreign policy shift in Washington. Several Nordic countries today reacted - and took action: Denmark announced an increase in military spending to 3 percent of its GDP over the next two years,

Denmark plans to set up a 50-billion-kroner (7-billion-dollar) rearmament fund due to concerns about Russia, the government announced on Wednesday. This year and next, the NATO member plans to invest the so-called Acceleration Fund in the rapid procurement of defence goods,