So as Europe teeters on the brink of another financial crisis, and the US economy struggles to recover amid staggering levels of government debt, what is Nicolas Sarkozy's priority for the G8 meeting in Deauville?
The acceptance of the G20 as a rule-maker for the conduct of the world's financial systems quite literally ushers in a new world economic order: a genuine democratisation that directly includes two-thirds of the world’s population and indirectly gives a voice to the rest.
REDD is a controversial UN program whereby developing nations and companies are financially rewarded for keeping their forests intact rather than cutting them down. So amongst all the climate-change chatter at the recent G8 conference, why didn't it even garner a mention?
In a photo that made its way around the world, Obama appears to check out a woman with a lovely behind at the G8. It wasn't really a true moment (as video later showed) but that didn't stop news outlets.