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July 8, 2009
Posted: 1443 GMT
LONDON, England – Leaders of the G-8 member states are gathered for their latest summit, in the Italian mountain town of L'Aquila. That much is clear. What is less certain is what they are there to discuss. Preparations for the meeting have been chaotic, and there is little evidence of a clear agenda. The British Guardian newspaper reports that Britain wants the meeting to address five key issues hindering recovery from the most serious global downturn since the 1930s -– a credit famine, rising unemployment, protectionism, a lack of investment and oil prices. All well and good, but with more than 40 heads of state on the guest list, it’ll be nigh on impossible to get agreement on any one measure, let alone those defined as the most pressing by Britain's Prime Minister Gordon Brown. Growth in the west's leading industrial nations has collapsed since the banking crisis last autumn, with output dropping at an annual rate of nearly 5 percent in the UK, 8.4 percent in Japan, close to 7 percent in Germany and 2.5 percent in the U.S.. Given the precarious state of our economies, this lack of preparedness is a farce. Add to this mess the fact that the host country has blatantly failed to cough up what it promised in aid to the developing world, and it's hardly surprising that there's growing pressure from other member states to have Italy expelled from the group. I want to hear your thoughts. How does this G-8 summit resonate with you? What do you think the heads of the loosely-termed "leading industrialized nations" should be discussing? Does the G-8 really make sense in this day and age when these clearly aren't the most powerful economies? We’ll use as many of your thoughts and comments as possible on Connect the World which airs at 9pm London time. You can bank on the fact that some those attending will be watching the show, so bring it on… Leave your comments below or email me at connecttheworld@cnn.com. Don't forget to tell us where you're from! Posted by: Becky Anderson
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Connect the World takes viewers on a sweeping journey across continents, beyond headlines and into histories, possibilities and depths of the stories that are changing our world. Host Becky Anderson and guests will join the dots of stories and events by exploring how an event or circumstance in one part of the world can have significant impact and reach elsewhere. Weekdays at 2100 GMT. |
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