Germany as G8 president to seek fairer growth distribution

0 Comments | AFP, December, 2006

BERLIN (AFP) — Germany, as head of the Group of Eight nations next year, will use its mandate to advocate a gentler form of globalization, transparency in financial transactions, climate protection and rewards for African nations practicing sound government. These are the topics that Chancellor Angela Merkel will want to see on the agenda at a G8 summit in June at Heiligendamm on the Baltic Sea, where she will receive the leaders of Britain, Canada, France, Italy, Japan, Russia and the United States.

"The goal will be to identify imbalances and to determine what can be done to ensure more balanced global growth," said Bernd Pfaffenbach, an aide to Merkel, adding that promoting "global prosperity" will be theme of the meeting. The imbalances plaguing world economic momentum...