HEILIGENDAMM, Germany (Thomson Financial) – US President George Bush found a proposal by Russian President Vladimir Putin to create a joint US-Russian anti-missile radar base in Azerbaijan “interesting,” his national security advisor Stephen Hadley said. “Let’s put these options on the table and get some experts to take a look at it,” Bush said, according to Hadley. A Russian official, speaking in a conference call, said it was too early for the US to give a substantial response to the proposal. “This is a new initiative for the US side and we would not expect any response yet … the US will need time to examine all this,” said Kremlin spokesman Dmitry Peskov. (full text orange advfn.com).
Few expect the G8 summit taking place in Heiligendamm, Germany from June 6-8 to yield positive results. The main question is how much damage Bush will do to US international standing during these three days. At last year’s G8 summit in St. Petersburg, Russia, Bush made headlines by groping German Chancellor Angela Merkl /short video, as she spoke with Italian Prime Minister Romano Prodi. (full text Atlantic Free Press).
Climate change: ‘You will have many more vector-borne diseases’.
HEILIGENDAMM, Germany — German Chancellor Angela Merkel said today the Group of Eight has agreed on a plan calling for “substantial cuts” in the greenhouse gas emissions blamed for global warming. (full text Toronto Star).
HEILIGENDAMM, Germany–(BUSINESS WIRE)–Nine young people presented their recommendations to world leaders at the G8 Summit in Heiligendamm today. The young people – eight from the G8 countries and one from Tanzania — spent 45 minutes talking to the leaders at the culmination of the week-long J8 Summit, attended by 74 young people from eighteen countries. Introducing the J8 Summit Declaration, the young people said, “We know that tomorrow our generation will have to cope with the legacy of today. So we have united at this third Junior 8 Summit to work intensively on ways to brighten this legacy”. (full text businesswire.com).
ECB meeting on expected rate rise: Agence France Presse – The European Central Bank was meeting here on Wednesday on its key interest rates which were widely expected to rise for the eighth time in 18 months, just as a three-day G8 summit began. The ECB’s rate-setting governing council, meeting on Wednesday instead of the normal first Thursday of the month owing to a public holiday, was unanimously expected to raise its benchmark “refi” refinancing rate by a quarter of a per centage point to 4 per cent, the highest level for more than five and a half years. (full text The Himalayan Times).