Greenland financial independence predicted by 2015

Mineral and oil income is expected, within five years, to surpass the current handouts from Copenhagen that Greenland lives off.

Negating the need for the DKK 3 billion (USD 580 million) handout means that national financial independence may be just a few short years away, according to forecasts from the leader of the Raw Materials Directorate in Greenland in a report by Sermitsiaq.

The Danish state provides an annual block grant to the country but according to Jorn Skov Nielsen, the planned oil drilling tests across four sites this summer could see new capital flowing by 2015. Although the veracity of claims to Greenland