"The island, 85 percent of it covered in ice, is six times as big as Germany. The harsh living conditions are extremely demanding on the population of roughly 57,000, of which 89 percent are Inuit. Fishing, mostly of halibut, cod and crabs, is Greenland's main source of revenue. Without generous subsidies from Copenhagen, the government of the former colony would have gone bankrupt long ago. The Danish government injects 3.2 billion Danish kroner (€430 million, or $550 million) into its Arctic outpost each year, or about 50 percent of the budget... Ironically, while the world worries about climate change, global warming is triggering great hopes in Greenland."
Greenland Braces For Independence and Wealth
by Manfred Ertel
http://www.spiegel.de/international/world/0,1518,590078,00.html
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