Canada uses G8 summit to touch Iran

Canada is reportedly to use the upcoming Group of Eight summit to push fellow industrialized nations to forge a unified position on Iran’s nuclear program.

Canadian Prime Minster Stephen Harper is to take the issue to the G8 summit in a bid to “come out with a coherent position to deal” with Tehran, Dimitri Soudas — a spokesman for the premier — said on Tuesday.

The spokesman went on to label the Islamic Republic as an “extremely dangerous” serious threat”, which possesses “a nuclear proliferation program with a clear objective”.

Washington and its European allies accuse Tehran of trying to create a nuclear weapons capability. Iran, however, dismisses the allegation, saying its uranium enrichment is solely aimed at peaceful energy production.

The leaders of the United States, Russia, Japan, Germany, the United Kingdom, France and Italy, also known as the G8, are to meet in the Italian city of L’Aquila on Wednesday to discuss issues such as the economic crisis and climate change.

Hot on the agenda will be China’s proposal of a currency alternative to the dollar as the global reserve.

The debate over the replacement of the dollar is extremely sensitive, as financial markets are wary of risks to US asset values. China itself holds up to 70 percent of its $1.95 trillion in official currency reserves in the dollar.

Several emerging market countries have also suggested that they are willing to reconsider the dollar’s role and are willing to see a more diversified international monetary system.

Russian President Dmitry Medvedev on Monday said the “the system based on the dollar” has proven to be flawed.

Suresh Tendulkar, economic adviser to Indian Prime Minister Manmohan Singh, is also reportedly urging the government to diversify its foreign holdings away from the dollar.

Articles by: Global Research

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected] contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]