G8 must start to turn talk into action
Published Date:
08 July 2008
THE forerunner of today's regular G8 summits began in the Seventies in response to a genuine emergency – a rise in oil prices following the 1973 Arab-Israeli war triggered simultaneous global inflation and recession, and the resulting economic crisis fractured the international financial system.
World leaders scrambled to keep the world economy functioning. A generation later, much the same problems have reappeared, plus the wild card of catastrophic climate change. Yet somehow, this week's G8 in Hokkaido seems a languid affair, with few e...
The full article contains 492 words and appears in The Scotsman newspaper.
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Last Updated:
07 July 2008 9:19 PM
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Source:
The Scotsman
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Location:
Edinburgh
