The Cuckoo in the G8 Nest

Gwynne Dyer
Published: Wednesday, 06/28/2006 12:00 am EDT

This weekend the Russian rouble will become a fully convertible currency, traded under the same rules as dollars, euros, pounds and yen. The date was obviously chosen by President Vladimir Putin to impress his guests at the G8 meeting in St. Petersburg in mid-July with Russia's economic progress, and there really has been quite a lot of progress on that front since he took over. But the Group of Seven, "the world's most exclusive club," was originally meant to be an annual gathering of the leaders of the biggest industrialized democracies.

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