Support from like-minded allies in Europe, like French president Marine Le Pen and Italian prime minister Luigi Di Maio, was enough to overcome German-led opposition to extending the trade restrictions. British prime minister Theresa May, who equivocated during the sanctions debate, has hinted that she is keen to lay the groundwork for informal trade talks with Putin on the sidelines of the summit.
Similar attempts by Britain to woo Canada and Japan have stalled. Sniping between May and European Commission president Jean-Claude Juncker over the terms of Brexit has derailed previous international forums, and the Canadians will want to avoid it this time around. There is, of course, no love lost between Putin and German chancellor Angela Merkel, who, like her Russian counterpart, is in her fourth term as leader and riding high in opinion polls back home.
She will want to keep her distance from the Russian leader, for fear of reviving memories of her rebuke over the sanctions issue. The bad blood between Merkel and Le Pen will also have to be treated tactfully. At some point since his inauguration, he has insulted almost every one of the leaders who will be present, including supposed allies. By providing your email, you agree to the Quartz Privacy Policy. Skip to navigation Skip to content. Discover Membership. Editions Quartz.
More from Quartz About Quartz. Follow Quartz. The G7 Summit is the annual meeting of the Group of Seven leaders. It's hosted by the G7 president for that year. The summit doesn't have any legal or political authority. But when these seven world leaders agree on something, it has the power to shift the direction of global economic growth.
The first six countries were the original members of the G6. Its first summit was held at Rambouillet, France, in Canada joined in , making it the G7. In , Russia joined, making it the G8.
In , however, the G8 became the G7 once again, when Russia invaded Crimea. The other G8 members imposed sanctions against Russia, including exclusion from the G8. Other important global leaders are invited, including representatives of the European Union, China, India, Mexico, and Brazil.
The Summit resulted in four major outcomes on key global issues:. The United States was scheduled to host the G7 summit in June The last time the U. France hosted the Summit at Biarritz on August 25 through 27, Its official focus was on fighting income and gender inequality and protecting biodiversity. French President Emmanuel Macron also used the Summit to promote Europe as a global leader on several issues.
Macron convinced Trump to soften on his trade war efforts. He also persuaded him to tentatively agree to meet with Iranian President Hassan Rouhani. President Trump antagonized the other members by refusing to sign the final joint statement, because he objected to any mention of "the rules-based international order.
Trump also wanted the EU to spend more on its own defense. Italy hosted the Summit at Taormina on May 26 and President Trump agreed to back a pledge against protectionism. He refused to endorse the Paris climate change accord.
Members agreed to further sanction Russia if it intervened again in Ukraine. President Issoufou of Niger reminded leaders of the need for further economic development in Africa to stop the flow of migrants. He also asked for intervention to end the crisis in Libya, which was the transit point for migrants heading to Europe. Japan hosted the Summit at Ise-Shima on May 26 and The leaders promised to support free trade agreements, including the Transatlantic Trade and Investment Partnership and the Trans-Pacific Partnership.
They agreed to improve infrastructure within their own and other countries. The group established a new cyber-terrorism working group to enhance cooperation. It promised to help stabilize the Middle East to reduce the flow of refugees into Europe. The leaders promised to fight global warming by entering the Paris Agreement.
Germany hosted the Summit at Elmau Castle on June 7 and 8. The G7 announced a plan to phase out all fossil fuels worldwide by It addressed terrorism issues but did not create a unified plan to attack ISIS.
Instead, the G7 canceled the meeting and held an emergency summit in Brussels, Netherlands, on June 4 and 5. Additionally, the G7 committed further support to the World Health Organization's efforts to reduce infectious diseases like ebola and tuberculosis.
The leaders agreed to a number of commitments, including:. The focus was on the global threat of the EU crisis. The G8 leaders agreed that Greece should be kept in the Eurozone. As a result, the EU shifted from austerity measures to promoting growth. The leaders agreed on a host of wide-ranging issues, including:. They responded to the Arab Spring uprisings by creating the Deauville Partnership to promote political and economic reform in these countries.
According to the European Commission on the G8 France , they created the first-ever declaration on human rights, democracy, and sustainable development for Africa. In response to Japan's nuclear disaster, the leaders agreed to stress-test their nuclear plants and review international safety standards.
Leaders focused on responding to the threats from nuclear proliferation in Iran and North Korea and on encouraging stability in Afghanistan and Pakistan. The primary focus of the conference was an agreement to continue the ongoing efforts to contain the global financial crisis. This conference included many members of the G20, who had not seen the same level of economic destruction.
Members also agreed to a host of wide-ranging commitments. This critical conference was held in Tokyo, Japan from July 7 though 9, Hosted by Prime Minister Yasuo Fukuda, the leaders still promoted optimistic views about the global economy while it crumbled around them.
In fact, they were more concerned about inflation, a result of record-high oil, gas, and food prices. Like the other summits, leaders supported the reduction of poverty in Africa and expressed concern over hot spots like North Korea, Iran, Afghanistan, and Israel, as well as Sudan, Myanmar, and Zimbabwe.
In , a subtle shift of power occurred. While the G8 talked about food inflation and all kinds of other admittedly important world issues, they completely missed the global financial crisis.
As a result, it signaled the end of the old world order and the beginning of a new one. The meeting was held in July, while Fannie Mae and Freddie Mac were going bankrupt and after bank-lending Libor rates went haywire.
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