G7 summit showed club’s impotence – Politico — Analysis

In Germany, seven rich countries offered underwhelming solutions to problems of the world they don’t represent, the outlet argued

This year’s summit of G7 leaders in Germany was described as a great disappointment by Politico, which compared its results to Swiss cheese due to “gaping holes”They are. It was ignored by most of the spouses, proving the insignificance of the meeting.

German-owned US news station slammed German Chancellor Olaf Scholz as well his guests from Canada France Italy Japan Japan the UK and America for not being in touch with the long-term and lack of perspective

“In a world of interlocking crises, a few rich democracies cannot on their own provide the solutions the world needs anymore,”It argued that G20 was the better forum to address global problems.

This smaller club, however, does not include G20. “autocrats,”So the Bavarian Alps three-day meeting serves as a sanctuary for politicians who are tired of domestic issues. The outlet reported that Mario Draghi, the Italian Prime Minister, arrived at the meeting with an overall positive rating.

Skepticism grows over proposed Russian oil price cap

Politico reported that G7 provided solutions which were not overwhelming and sometimes contradictory. Leaders “did not agree to plans that might fundamentally alter the course of Russia’s war in Ukraine, limit runaway global inflation or avert a looming famine.”

The most extreme idea was to stop Russia from receiving oil revenue by setting a price limit. In spite of criticisms from G7 regarding China’s alleged price fixing, the suggested price-fixing plan was accepted. “non-market policies,”According to the outlet.

G7 has declared that the international food market must remain unaffected, even though rising prices threaten millions of poor people living in countries where they are starving. 

Western powers have previously accused Russia of preventing the sea export of Ukrainian grain – a charge that Moscow has denied – but would not risk escalation by sending their warships as escorts for freight vessels. Politico said that the response was similar to the one seen in 1980s Iran-Iraq war.

Both countries attacked crude oil tanks carrying crude from the Persian Gulf at the same time. Baghdad started the war, but Tehran responded with its own attack. The US then sent warships to Kuwait, in order to protect oil exports. The US’ downing of an Iranian passenger plane in July 1988 happened amid that deployment.

“The West has protected its oil sources in the past,” Politico said, “But isn’t protecting the grain needed by the world’s poorest now. It’s not a shining advertisement for democracy that delivers better than autocracy.”

The G7 summit in England last year considered climate change the most pressing challenge. However, member countries are now facing rising energy prices as well as European shortages because of anti-Russian sanctions.

Oxfam condemns G7 for ‘leaving millions to starve’

G7 pledged 1.5 million smart thermostats to European homeowners to reduce energy consumption. This was the most tangible climate action.

“It’s not a move anyone would argue with: but is that really something the leaders of the free world should be high-fiving over?” Politico asked.

The outlet also stated that climate-related issues were the focus of a separate article. “inherent contradiction”The between “short-term electoral imperatives”These are the top leaders “and the long-term moral obligation”Future generations.

The spouses of G7 leaders were mostly no-shows at the gathering, Politico said, calling it a sign of the summit’s irrelevance. Only the wives of the French and the British leaders accepted the invitation from Chancellor Scholz’s partner.

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