Plenty of headlines from the G7 weekend meeting - ANZ
Analysts at ANZ noted the G7 meeting from the weekend and an alliance to fight protectionism.
Key Quotes:
"Some would argue the G7 is a far less relevant institution these days, but it didn’t stop the meeting of its respective country leaders in Italy over the weekend generating plenty of headlines.
And with this being the first G7 meeting for four of the seven leaders, more than anything the focus was on whether they would see eye-to-eye on various issues.
A joint statement was released, but reports are that it took plenty of work to get to that point, with reported disputes on trade and climate change especially.
On trade, there was a commitment to “keep our markets open and to fight protectionism”, but it was added that “trade has not always worked to the benefit of everyone. For that reason, we commit to adopting appropriate policies so that all firms and citizens can make the most of opportunities offered by the global economy.” In many ways, that sounds fair, it’s just that right now, we don’t really know what those “policies” will be."
Author
Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.
