Posen: The Bitter (Cold) End of the G-7

PIIE, 12.24.2009

I saw this the other day from the Peterson Institute for International Economics and thought it was hilarious. It is about the upcoming G-7 summit in Iqaluit, Canada.

“We have reached the logical conclusion of the G7 process. Canadian officialdom is bitter that they will soon be irrelevant given the G20. Canadian officialdom is also bitter that they were successively dragged for prior G7 meetings to Okinawa, to an Italian earthquake site, and to St. Andrews in November rain storms to sate the then hosts’ respective domestic constituencies. So now the Canadians are using the G7 finance ministers to prove their point of sovereignty over their far north. In February.” a href=”http://www.piie.com/realtime/?p=1114″ target=”_blank”>Read article (PIIE)

[Via http://hoya2009.wordpress.com]