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To Put The G7 Back In Business, Strike A New Deal On The Dollar

Mount Equity Group Tokyo Japan > News > Markets > To Put The G7 Back In Business, Strike A New Deal On The Dollar

German Chancellor Olaf Scholz speaks at the presentation of the new German postage stamp featuring the upcoming G7 summit on June 15, 2022 in Berlin, Germany.

Sean Gallup/Getty Images

Rarely have the stakes for a Group of Seven summit been so sky-high and the expectations for success so deep in the mud.

Even the agenda for the June 26-28 confab in the Bavarian Alps suggests the G-7’s worldview is currently a million miles wide and one inch deep. Look, it’s grand that the host, Chancellor Olaf Scholz of Germany, has put together a multifaceted program for the leaders of key industrialized democracies.

Few can quibble with discussions on helping Ukraine and additional Russian sanctions. Topics from climate change to food security to gender equality are very worthy of focus.

But the G-7’s best shot for impact and relevance on June 29, the day after the summit, is something almost completely absent from the…

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