The Group of Seven (G-7) summit is all set for its annual ending without a joint consent for the first time in its 44-year history after French President Emmanuel Macron had decided to boycott the traditional summit by calling it very deep condition of the crisis of democracy. is the first time ever since meetings between the allied nations began in 1975 that the forum has failed to end a summit without an agreed statement, thereby keeping open the deepening rift between heads of state from seven of the world’s largest economies.
While attending to reporters ahead of the G-7 meeting at a news conference in Paris on Wednesday, Macron said an attempt to produce a joint communiqué will most likely be a pointless move. His comments included President Donald Trump’s decision to withdraw from a landmark climate agreement thus limiting global efforts to cut carbon as one example of why it would be difficult to display a united front.
The annual summit had also brought together the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States. It will be held in the seaside town of Biarritz in southwest France from Saturday through to Monday. Following the tie-up of an agreement at the annual summit has become increasingly difficult in recent years, partly because the U.S. president has expressed a preference for bilateral trade pacts over multilateral agreements.
Agathe Demarais, global forecasting director at the Economist Intelligence Unit (EIU), told CNBC via telephone that it is becoming almost impossible to predict what the U.S. will do, based on the unpredictable actions of Trump. The summit appeared to demonstrate fraying ties between the U.S. and its traditional allies, with one photo seemingly summing up divisions in the room. Whether or not the peacekeeping shall be maintained in future, remain a debatable question.
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