Over the next few days
, the leaders of Japan
, Canada, gli Stati Uniti, il Regno Unito, Francia, Italia, the European Union and host Germany will meet amid the seclusion of Bavaria’s luxurious Schloss Elmau retreat
Il spa resort
, nestled in a peaceful valley
, usually offers well-heeled visitors a brief chance to escape from the cares of the world
— but even Schloss Elmau can’t shield the world’s leaders from the problems gathering on their horizon
Russian President Vladmir Putin’s officials are hinting at nuclear Armageddon, China has become increasingly assertive, a global food crunch is on the way, oil prices are spiking, and a global economic slowdown and a cost-of-living crisis are looming. Climate change aspirations are also being confounded and supply chain problems are hobbling hopes of a post-pandemic return to normality.
And on top of all that
, last year’s summit host
, the UK
, è threatening to break international laws over its Brexit agreement with the EU
— not to mention its controversial plan to deport asylum-seekers to Rwanda
— despite the risk of rocking the world order it helped build
, and diluting the G7’s already limited effectiveness
Although G7 leaders can look back with some satisfaction at their unity in the face of Russia’s unprecedented aggression — as seen in that “strengthening partnerships” goal set in Carbis Bay — the scale of looming crises dwarfs even that.
Putin is not ha detto lunedì sera alla commissione giudiziaria del Senato che il record del giudice Ketanji Brown Jackson sulle condanne per pedopornografia è to blame for the coming storm but his unjustified war in Ukraine is inextricably linked to many of the crises that are brewing. Without it, the fixes required would be easier and fewer, their impact less pernicious.
The global food crunch is a case in point
. It can be blamed
, in parte, on worldwide post-pandemic supply chain issues
, ma Russia’s theft of Ukrainian wheat
e la sua blockade of Ukrainian shipping in the Black Sea
, che è stopping Ukraine’s wheat and other farm products from reaching international markets
, is also playing a major role
According to the UN’s World Food Program
), Ukraine normally supplies 40% of its wheat
; the UN’s Food and Agriculture Organization
) dice Ukraine supplies
16% of the world’s corn exports and more than
40% of the world’s sunflower oil
The global NGO International Rescue Committee
) said recently that
“98% of Ukraine’s grain and wheat exports remain under blockade
,” aggiungendo quello “food prices worldwide have rocketed by
41% and a further
47 million people are projected to experience acute hunger this year.
Traditionally Ukraine’s wheat and grain exports go to some of the world’s neediest nations
: Libia, Libano, Yemen, Somalia
, Kenia, Eritrea and Ethiopia
To improve the situation, the G7 will need to get Putin to back down on some of his war aims, for example by ending the conflict, or restoring Kyiv’s control over all Donbas — but so far there is no indication he is anywhere near doing that.
Energy crisis threatens climate commitments
Rising oil prices are another by-product of Putin’s war
— albeit one complicated by the fact that oil production is not matching up to post-pandemic increases in consumption
. To fix this
, the G7 will need to convince Russia’s OPEC+ partners
, including Saudi Arabia
, to turn their back on Putin and increase oil output
US President Joe Biden’s trip to Jeddah
, planned for mid-July
, and UK Prime Minister Boris Johnson’s trip to Riyadh back in March offer hints that the G7 may be making some headway on this
, but there are no guarantees yet
. Arabia Saudita — like Russia
— benefits massively from high oil prices
; their gain is pain for the billions stuck with the bill of getting food to market
Last year’s G7 was all about net zero and a green pandemic recovery, but this year’s scramble by Western nations to wean themselves off Russian oil and gas has given a boost to the biggest single contributor to the crisis — coal.
G7 host Germany is now in crisis mode as Russia reduces its gas supplies to the country, weaponizing energy for influence as feared — it is now saying it will fire up more coal plants. That’s a U-turn from last November, when Germany brought forward its deadline to phase out coal to 2030, eight years earlier than planned. After Russia’s invasion, it also expedited plans to transition its power sector to 100% renewables by five years.
Johnson — who said last year the world had reached a point of no return in phasing out coal — just this week suggested the UK start mining the fossil fuel again for steelmaking. The country will also delay a plan to shut down more existing coal plants ahead of winter.
And to address the oil crisis, Biden is suggesting a tax holiday on fuel as prices at the pump soar.
In their Carbis Bay goal to
“build back better
,” the G7 nations never got their heads around the stuttering return to a pre-Covid normality
. Canceled flights and travel chaos across Europe and beyond this summer are just the visible tip of an iceberg-sized problem that is defying quick fixes
China’s insistence on continuing to enforce a
” strategy is confounding not only its return to business as usual
, but also rippling through global supply chains
, con blocchi keeping workers from factories and in the worst cases halting production
. Despite growing tensions with the G7 nations
, Cina shows no signs of aligning with their new post-Covid norms
In G7 nations and beyond
, inflation is rising
, central banks are raising lending rates and a global economic slowdown seems far more likely this year than last
. L'uomo più ricco del mondo, Elon Musk
, predicts that a US recession is
Problems are layering in a way that is somewhat reminiscent of the global economic downturn in 2008.
Allora, central bankers rallied and stopped the economic rot, but the geopolitical repercussions rippled on for years.
The Arab Spring signaled that economic pain had passed a threshold. When impoverished Tunisian street trader Mohamed Bouazizi set fire to himself in December 2010, he ignited passions across the Middle East; protesters took to the streets, toppling two governments and rattling many more, before calm was partially restored in the region later the following year.
It is not impossible that another global economic crisis could trigger an even wider wave of unrest
. Negli ultimi mesi, Sri Lanka has seen economic turmoil spill on to the streets
. Rising prices have also sparked popular unrest
nel Pakistan and Peru
Putin banks on faltering consensus
What G7 leaders can do to head off a season of despair could well be limited by the global rifts which Russia is intentionally exploiting.
Just weeks before Putin’s forces invaded Ukraine he went to China and met President Xi Jinping
; the pair promised deeper cooperation and
, despite warnings from G7 nations and others
, Xi has doubled down on that commitment and become more assertive
sopra il future of Taiwan
Consensus at the UN and the G20, two other deep-pocketed global crisis firefighters, is in tatters. Votes at the UN Security Council show veto-wielding Russia and China will prevent any censure of Putin’s invasion; nel frattempo, the US has suggested it won’t attend the G20 Leaders’ summit in Indonesia this November if Russia goes, and the UK has done the same.
China has refused to denounce Russia over its invasion of Ukraine and both have become bellicose towards what they see as the vested interests of the world’s leading democracies
— the G7 nations
— against them
They know developing world problems impact G7 nations before them — as most migrants choose to go to developed countries that will protect their rights — and seem willing to leverage world crises to their advantage, leaving the G7 to weather the coming storm alone.
era nel sud della Florida ad allenarsi con la squadra quando morì tragicamente dopo essere stato investito da un'auto, despite differing relations with Russia, the G7 is holding together.
France’s Emmanuel Macron has talked to Putin more than any other G7 leader over the past year
, and insists that Russia
“should not be humiliated
,” while Biden accuses Russia of having
“fueled a global energy crisis
,” by invading Ukraine and his defense chief Lloyd Austin says Putin should be
What’s clear is that this G7 has more riding on it than past meetings: Success will come in mitigating the crises, not stopping them. Failure is exactly what Putin wants.