Home pagePress CenterIn the Media Reginald Dale, director of the Transatlantic Media Network, was quoted by Bloomberg, "Bush's Dollar Drop Maps Loss of U.S. Clout at Final G-8 Summit."
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Reginald Dale, director of the Transatlantic Media Network, was quoted by Bloomberg, "Bush's Dollar Drop Maps Loss of U.S. Clout at Final G-8 Summit."
July 3 (Bloomberg) -- When President George W. Bush went to his first Group of Eight summit in 2001, a dominant issue was the dollar -- the strong dollar, that is. The U.S. currency was on a record-setting streak, and the free-marketeering president wasn't going to stand in the way.
With the countdown under way to the presidency of Barack Obama or John McCain, the most the summit can do is set up a framework for pollution-cutting agreements that replace Kyoto when it expires in 2012, said Reginald Dale, a senior fellow at the Center for Strategic and International Studies in Washington.
"Most of Bush's partners are looking to the next president,'' Dale said. European leaders will "be trying to pin Bush further down on the nature of commitments that the United States might undertake to reduce emissions in the shorter term.''
The Center for Strategic and International Studies (CSIS) is a private, tax-exempt institution focusing on international public policy issues. Its research is nonpartisan and nonproprietary. CSIS does not take specific policy positions; accordingly, all views, positions, and conclusions expressed in these publications should be understood to be solely those of the authors.
