France hosts G7 Summit at critical juncture

France hosts this year's G7 summit starting Monday. Reducing global imbalances is a top priority. Many suggest this summit comes at a critical time. Global governance faces strain on multiple fronts while the transatlantic rift on trade and defense deepens. At the same time, middle powers are winning growing influence in global affairs. With the G20 and APEC still ahead, this summit offers a glimpse into whether the traditional Western alignment still works. Many more are also asking if the G20 could really turn its theme into action.