Kai Risdahl

Plus, this would mess with currency markets, make the euro appreciate European goods more expensive.

But on the other hand, money isn't everything.

Nicolas Varon is a senior fellow at the Peterson Institute for International Economics.

So let's say Europe did decide to burn it all down, force the sell-off of treasuries.

Where would it put all that money?

There is no alternative.

Again, Daniel McDowell at Syracuse.

There's no other market capable of absorbing that much capital in a short time without major disruptions.

And if European investors, like all investors, want to be where the money is, that leads right back to the U.S.

John Canale is at TIAA Wealth Management.

The U.S.

is the center of AI.

We have superior growth tracks, superior productivity.

There are lots of other pain points Europe could hit before selling off treasuries, from tariffs to going after U.S.

tech companies.

So an official move to unload U.S.

debt looks unlikely.

What we might see, though, says the Atlantic Council's Josh Lipsky, is an unofficial, gradual, organic backing away from that debt.

Not a wave, not a catastrophe, just a gradual waning of U.S.

financial importance.