G7 to Deliver a Nothing Burger

From marctomarket.com

A Bloomberg article about the weekend G7 meeting says, "multilateralism is dead." An op-ed in the Financial Times suggests that the most important political alliance may be "rejuvenated" at the G7 meeting. The truth is likely found somewhere in between. Economic nationalism, personalities of (some) of the leaders are not conducive to deepening or broadening cooperation among the leading market economies. At the same time, the G7 is an expression of multilateralism at its best, but multilateralism is bigger than the G7. Indeed the G7 is best understood, in the current era, as a caucus within the G20. The "communist ... (full story)