Draghi: peak global recovery, now more investments and fewer forms of subsidies
G7.
From the Biden and BoJo inflatables to Pikachu, protests are also taking place in Cornwall
G7 leaders will ask WHO for a new investigation into the origins of the coronavirus
G7 in Cornwall, the first in attendance since the pandemic.
Journalists kept at a distance
G7 in London, finance ministers reach historic agreement on global taxation
Biden and Johnson sign the New Atlantic Charter
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June 12, 2021 Second day of work at the G7 in Cornwall, UK. Geopolitics with the challenges launched by Russia and China is central theme today. Yesterday, Prime Minister Mario Draghi brought his economic recipe to the summit table: "Focus everything on expansive budgetary policies, to strengthen growth and protect workers, but shift the axis from subsidies to investments, also to maintain an approach" prudent "in the long run.
And he insisted on the" moral duty "not to leave anyone behind. Today he will talk about it in a bilateral meeting with the President of the United States Joe Biden who has already said he is on the same wavelength, aiming for a "more inclusive and fair economy", launching a challenge to the Silk Road carried out by Beijing.
And today the guest countries, namely India, Australia, South Korea and South Africa, also participate in the work.
Prime Minister Boris Johnson yesterday kicked off the three days of work by welcoming guest leaders to the exclusive (armored) resort of Carbis Bay: Joe Biden for the USA, Mario Draghi for Italy, Angela Merkel for Germany, Emmanuel Macron for France, Yoshihide Suga for Japan, Justin Trudeau for Canada, as well as Charles Michel and Ursula von der Leyen for the EU.
The summit is expected to announce that the seven most industrialized countries in the world will donate one billion doses of vaccines to the poorest countries to help them fight the coronavirus.
Johnson: "G7 huge chance to get out of pandemic misery"
An "enormous" opportunity to accelerate the exit of their respective countries and the world "from the misery of the pandemic": this is how Boris Johnson today defined the G7 summit that began in Cornwall by opening its works in the Carbis Bay resort.
"We need to learn from the pandemic and ensure that some of the mistakes we have undoubtedly made over the past 18 months do not happen again," the British premier said yesterday. As for the future, he added, we need to aim for a recovery in which there is more equity, to "rebuild for the better" the global economic scenario. "We have a huge opportunity to do it in this G7," he insisted.
"I begin by welcoming you all here to Carbis Bay. It is genuinely wonderful to see all of you again
person, there are no words to say how much difference it makes. "So British Prime Minister Boris Johnson kicked off the work of the summit in Cornwall." You have all faced, in the last year, the toughest pandemic of our time. I really think this meeting were to be there because we have to
all be sure that we have learned the lesson that we will not repeat the mistakes made, and we put in the field everything necessary for the recovery of our economies, "he adds.
The British Prime Minister, before ' at the beginning of the summit, he announced that the UK will donate another 100 million doses within the next year, through the Covax alliance, 5 million of which by the end of September.
"At the G7 summit - said Johnson - I hope my colleagues will make similar commitments so that, together, we can vaccinate the world by the end of next year and rebuild better after the coronavirus". The US has already pledged to supply 500 million vaccines which are part of the total of one billion of the entire G7.
The issues on the table
The G7 meeting in Cornwall relaunches the
challenge of the West to China on the Coronavirus
, in relation to which a new WHO investigation will be requested. US President Biden and British Prime Minister Johnson are ready to announce 'a new Atlantic Charter' to strengthen the 'special relation' between the two countries.