G8 summit could be the last as rising nations want their voices heard

[Turborama]

Source: The Times (UK)

Philip Webster in L’Aquila -

World leaders wrapped up the G8 summit in L’Aquila last night, saying that it could be the last meeting of its kind.

President Obama joined Silvio Berlusconi, the Italian Prime Minister who hosted the meeting, in suggesting that the G8 was too small to cope with the problems facing the world and that other emerging countries needed to be included.

“To think we can somehow deal with some of these global challenges in the absence of major powers like China, India and Brazil seems to be wrong-headed,” Mr Obama told reporters shortly before leaving for Ghana on his first trip to sub-Saharan Africa as US President.

The demise of the G8 — made up of rich northern hemisphere countries — illustrates its limitations in dealing with global issues such as climate change and the economic crisis. In any case the G8 countries were joined by the leaders of China, India, Brazil, Mexico, South Africa and Egypt, spontaneously forming the G14.

Read more: http://www.timesonline.co.uk/tol/news/world/article6685161.ece

[BunkerHill24]

1. Yep, get rid off the dollar global dominance

....and everyone will be on equal footing. I believe China and Russia suggested this at the G8....lets hope they stick with it. After all, America is in no position to tell the rest of the world how manage to their finances.

[Phildog]

2. Economics

Did you ever think that making a speech on economics is a lot like pissing down your leg? It seems hot to you, but it never does to anyone else.
Lyndon B. Johnson

[Joe Chi Minh]

3. This already sounds like the first stirrings of an implementation of

Benedict's vision for mankind's survival and prospering as a true globalisation of mankind in heart and mind. If so, I wonder if they realise what a mark they will have made in history with these words.