finance ministers and central bankers” group of seven “(G7) at the upcoming meeting in Canada on February 5-6 to discuss the status and fate of the world economy, financial sector reform, exchange rates, recent international events, including earthquakes in Haiti.

However, market expectations for upcoming activities are minimal, says The Wall Street Journal.

expected that attention will be paid to the role of the G7, comprising the most developed nations of the world, in the changed circumstances, when the tone is set in the world economy emerging markets.

In contrast to previous meetings of the G7 this time, the financial regulators will not issue communiqués, the1000wording of which is usually carefully studied the market, but simply hold a press conference after the meeting. Last year it was decided that the main forum for international economic cooperation would be “a group of twenty, where apart from G7 countries include Russia, Brazil, China, India and other important players in global markets. G20 summit to be held in Canada in June this year.

far more interest among commentators, analysts, market participants is the meeting place of the G7: the tiny town of Iqaluit, capital of the Canadian province of Nunavut. Finance Minister Jim Flaherty maintains that this will be an unforgettable experience for members of G7, accustomed to the bright lights of big cities. According to him, the government of Canada expressed a preference for Iqaluit to Ottawa, Montreal and Calgary, to show the “pristine beauty of northern expanses” of the country and return a G7 forgotten informal tone.

Iqaluit, whose name translates from the dialect of Inuktitut Eskimo as “fish place”, situated on the border of the two polar climate zones: the arctic and subarctic, 300 kilometers south of the Arctic Circle. The temperature in February may fall to minus 40 degrees Celsius, but the weekend weatherman promised G7 clear weather and minus 19-22 degrees. Clear Sky is very important for a successful meeting - in the winter time a message Iqaluit is only possible by air.

population of Iqaluit is 7 thousand people, including taxpayers - only 700, so the city administration can not afford even a traffic light at a single urban crossroads. Therefore, in everyday life in the city three times formed tube - to the top of the working day, at lunch and after work. Rooms of local hotels and motels has only 300 rooms, while at the upcoming event will bring together more than 500 guests, including government officials themselves, the security services, mass media. Those who did not have room in the hotel, settled in a local hostel.

Due to shortage of limousines in Iqaluit majority of delegates will transfer to the school buses.

Since many of the locals in the winter hunting seals and caribou, and move around in snowmobiles and rifles, security and Canadian Mounted Police asked them not to approach the international guests in an aggressive manner. ”

Cellular Iqaluit is absent, so all communications will be via satellite, while the American delegation will bring to a telephone exchange.

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