The G7 is made up of the United States, Britain, Germany, France, Italy, Canada and Japan. It was originally conceived to promote cohesion among the world’s most advanced economies. But as global power dynamics change, how relevant is it today?
The ministers agreed to eschew protectionism in favor of global trade. Germany hailed the talks' "breakthroughs for agricultural, the climate, and the consumer."
Two former advisors from within the Canadian and US administrations have warned of the economic threat posed by US President Donald Trump ahead of the G7 summit in Canada, which kicks off today.
The French president’s office has said there is no place for anger and insults in international cooperation. The Elysee Palace issued its statement after US President Donald Trump torpedoed a G7 summit agreement.
After more than a decade of belt-tightening in the wake of the financial crisis, experts are demanding higher public spending on Germany's infrastructure. But although crumbling, a collapse is nowhere near in sight.
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