G8 meetings do not seem to be going well

Discussion in 'Wall St. News' started by drsteph, Jul 15, 2006.

  1. Thin smiles fail to mask the growing tensions between Bush and Putin
    By Alec Russell in St Petersburg
    (Filed: 16/07/2006)

    President Vladimir Putin all but taunted President George W Bush yesterday over the situation in Iraq as their one-on-one summit ended on a prickly note - and with no sign of a break-through on the many issues dividing the two increasingly estranged leaders.

    Aides to the two presidents had hoped that a successful bilateral meeting in St Petersburg could pave the way for a harmonious start last night of the G8 summit of world leaders.

    But Russia's last-minute failure to secure America's support for its entry to the World Trade Organisation set the tone for what was clearly a frosty meeting, and then a distinctly awkward joint press conference.


    Seems like the rest of the world still wants to teach Bush a lesson... and Israel's turning up the heat here with unrest in the mideast. There does not seem to be a global consensus... yet.

    Israel may have to go this one alone, although they might like Uncle Sam's help here... Probably only a major attack on Jerusalem or Iran's involvement here will prompt US involvement unconditionally. No help from Putin for oil supply - keep that bull rollin'. Gold, too probably. Treasuries will continue to temporarily rally from the safe-haven effect.

    But don't worry... we have 24 hours more to solve those problems and restore the world to normalcy.