G8 and NATO Summits: Focus on Eurozone, Iran and Afghanistan

Updated On: May 22, 2012

At the G8 Summit held at Camp David on May 18-19 and the NATO Summit held in Chicago from May 20-21, major security, political and economic issues have been addressed.   Discussions were mainly focused on the Eurozone crisis, Iran’s nuclear programme, and Afghanistan.  Other issues on the agenda include energy security and climate change, food security and nutrition, and the Arab Spring transitions in the Middle East and North Africa.

Eurozone Crisis

In the Camp David Declaration, G8 leaders pledged to sustain ongoing discussions in Europe regarding growth generation, “while maintaining a firm commitment to implement fiscal consolidation to be assessed on a structural basis”.  It was also recognized that a strong and cohesive Eurozone was vital for global economic stability and recovery.  Leaders also sustained their interest that Greece should remain in the Eurozone.

In a statement provided by G8 leaders in the Camp David Declaration, it was said that they “remain united in [their] grave concern over Iran’s nuclear program”.  Statements issued by Barack Obama also acknowledge that G8 leaders were committed to using sanctions, pressures and diplomatic discussions in their approach to Iran.

Afghanistan was on the agenda for both the G8 and NATO Summits.  The NATO Summit held in Chicago saw a gathering of NATO nations and partners from around the world.  The Summit was one of the largest NATO Summit to date, and included nearly 60 countries and organization.  On the top of the agenda was the commitment to the “irreversible” plan, which will see Afghanistan assuming full responsibility for security by the end of 2014.  This entails a phased transition of security responsibilities from the NATO-led International Security Assistance Force (ISAF) to the Afghan National Security Forces (ANSF), and will eventually lead to the withdrawal of combat troops by the end of 2014.  NATO leaders have also declared that “Afghanistan will not stand alone: we reaffirm that our close partnership will continue beyond the end of the transition period”.

At the G8 Summit, regarding Afghanistan’s economic transition, leaders were committed to their declaration for a “sovereign, peaceful and stable Afghanistan”.  Several steps are involved in this transition.  These include providing assistance for the development of a sustainable Afghan economy, supporting the growth of Afghan civil society and private sector and promoting regional economic cooperation.

Report: Chicago Summit Declaration on Afghanistan (NATO, 21 May 2012)

Report: Camp David Declaration (The White House, 19 May 2012)

Report: G8, raising pressure on Iran, puts oil stocks on standby (Reuters, 19 May 2012)

Report: NATO leaders gather for Chicago Summit (GlobalSecurity.Org, 20 May 2012)

Report: Afghans to take over security by mid-2013, says NATO (Channel News Asia, 21 May 2012)


Related Article