It just ended! The G8 conference of the 8 wealthiest countries that get together ever so often to plot the world direction. Sounds more like an opportunity to get together and divide the world up as the Church did back in the 15th and 16th centuries.
This one was a failure! Aren’t they all?
The leaders of the G8 countries (Britain, Canada, France, Germany, Italy, Japan, Russia, and the United States) said their farewells without an agreement on international trade negotiations, or on eliminating subsidies for agriculture in the industrialised world, a move that would give development a boost in Africa, Asia, and Latin America.
No agreement was reached either on a new regulation of the highly speculative, and therefore risky, hedge funds, nor on the political status of the Serbian province of Kosovo.
At the same time, the only accords the G8 leaders reached in Heiligendamm — on a medium-term reduction of greenhouse gas emissions and new aid for Africa — are considered as weak compromises, tailored only to avoid the impression that the summit was a total failure
The Bush-Putin dispute was there to keep the news away from the actually lack of any progress at the summit. I guess the important issue like agriculture reform, emmissions, etc will have to wait for the Japan meeting in 08. None of these meeting are for the benefit of anyone but the 8 members, the rest of the world can go to hell for all they care!