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G8 pledges $20B in farm aid to poor nations

(Agencies)
Updated: 2009-07-10 21:03

Summit Frustration

The l'Aquila summit has produced chequered results on other issues, making only limited progress in crucial climate talks with the goal of halving world greenhouse gas emissions by 2050.

Activists of charity organization Oxfam, wearing masks of Italian PM Silvio Berlusconi and Russian President Dmitry Medvedev (L-R) perform in front of Saint Giovanni in Laterano Basilica in Rome July 9, 2009. [Agencies]

"There is a bit of frustration because one would like to convince everyone about everything and obtain all the results straight way, but things are progressing," French President Nicolas Sarkozy told reporters late on Thursday.

G8 leaders said the global financial crisis still posed serious risks to the world economy, further stimulus packages for growth might still be required and that it was dangerous to implement "exit strategies" from emergency measures too early.

"Reaching the bottom of the slump is not when you start with exit strategies. We need to choose a point where we've already got some way out of the trough," German Chancellor Angela Merkel said on Friday.

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