G7 finance ministers will no longer Jiangshan post-crisis era needs repositioning

BEIJING, February 7 (Xinhua) Siffong Group Finance Minister and Central bank governors meeting 6th afternoon in the northern Canadian town of Iqaluit closed.　　In the context of the fragility of the global economic recovery, the huge debt burden of Europe and the United States and the rapid growth of emerging economies, this meeting is particularly low-key in terms of content and form. From the television screen, the participants do not have suits, sit posture, see Jiangshan, about the world financial trend of the spirit, but also less rigorous elegant formal bulletin.　　At the meeting, the Group of seven countries paid more attention to the problems of financial crisis, supervision and the future of the Group of seven countries than the world economic issues. German Finance Minister Wolfgang Schäuble and others say the conference's innovations mean a "new" group of Seven. Host Canada has also said it wants to return the group of seven to "smaller", "informal" and "candid" discussions.　　Still, some media suggest that the Group of Seven will inevitably be marginalized in the post-crisis era of a major change in the world's economic landscape. Western media commented that the group of Seven is now struggling to retain its place as the group of 20 leaps into a major global economic forum and the economic rise of developing countries such as China.　　In view of the widespread high unemployment, public debt and bad banking systems in the group of seven countries, some suggested that the group of seven should be "dead". In the form of the meeting of the Group of Seven, Canada announced that the next finance ministers of the Group of Seven would be on the sidelines of the International Monetary Fund's spring meeting.　　Some media even predicted that the Iqaluit meeting might be the last time a separate party for the Group of Seven. Some analysts point out that in post-crisis times, the group of seven countries struggling to manage global economic issues is clearly facing a repositioning and self-awareness dilemma.