By Sean O'Grady

The key to the G7 Communique, just released, lies in what it doesn't say as much as what it does, at some length. Thus, there's nothing in it about a concerted effort to boost the world economy; nothing about the declining dollar; and more or less a repeat of the old calls for transparency in financial markets, a succesful end to the Doha round of trade talks and IMF reform. The idea of a green development fund for emerging economies isn't new, but at least it seems that it may be getting somewhere. They've asked Opec to pump more oil which may be good for growth but isn't the greenest initiative they could have taken...