Global Times, June 8 - Fine words will accompany the G7 summit this week. Much will be promised. And little will be delivered. It has long been like this. The G7 is no longer fit for purpose.
Comprising the US, UK, Germany, France, Italy, Canada and Japan, in the 1970s the G7 was the overlord of the global economy. Today, the G7 is but a pale shadow of what it once was, reduced to the role of a declining faction within the global economy. It still talks in grandiose terms about its intentions, but the world has learnt to discount them. It is entirely appropriate that this week's summit will be chaired by UK Prime Minister Boris Johnson, a grandmaster of verbal exaggeration and empty gestures.