Dear Ladies and Gentlemen,
In 1975 has taken place the first meeting of the Group of Six with the leaders of the six leading industrial nations, including the German chancellor Helmut Schmidt and the US-President Gerald Ford in Rambouillet, France. Since the end of 1975 it was G7 and between 1998 and 2014 we saw the Group of Eight including Russia.
If Donald Trump will be still US-President next year, it could be once again the Group of Six, because since the recent meeting in Sicilia it´s a fact, that this US-President is a challenge for the head of states of France, Italy, Japan, Canada, United Kingdom and Germany.
Even the German chancellor, Angela Merkel, has declared her disappointment, most recently regarding Donald Trumps announcement, to make the decision about the Paris climate deal this week, as he wrote on twitter.
Two key scene was very characteristic for G7 meeting – the Italian speech, as Trump waived an interpreter and the handshake with Emmanuel Macron, where Trump pressed his hand that strong like a pubescent teenager with the idea of getting respect and showing dominance.
The EU-Emissions Trading Systems was unimpressed, because the risk Trump is already priced in. Rather the market has jumped above the 5-Euro-level in the face of the lower weekly auction level, caused by some German holidays.
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