Though the global economy is a main topic at the G8 summit this week, leaders also took time Wednesday to discuss the lack of "peace and stability" in Iran and North Korea.
In a series of declarations on current threats to world security, the G8 condemned "in the strongest of terms" North Korea's recent nuclear tests and vowed unity in standing against current unrest in Iran.
The G8 leaders "deplore post-electoral violence, which led to the loss of lives of Iranian civilians," the statement revealed.
French President Nicolas Sarkozy called the violence on protesters "shocking" while the U.S. said the G8 statement showed leaders' sense of urgency on humanitarian concerns.
President Barack Obama joined leaders of the G8 nations Wednesday as they continue to battle the international economic crisis.
The key question: how much longer do they need to keep stimulus going?
The G8 Summit is meeting in a part of Italy that depends on economy recovery. Close to 300 people died in an earthquake centered in L'aquila just three months ago.
Obama arrived in Italy Wednesday morning, fresh from talks in Russia with Prime Minister Vladmir Putin. While there, he spoke of the challenge the G8 nations face in deciding how much money to pour into stimulus spending when no one knows how long the recession will last.
"So, this is one where we're pressing the gas, pressing the brakes, trying to get it right -- short term," Obama told reporters.
Both the U.S. and Britain back more stimulus, while Germany and Italy are more worried about increasing the public debt.
The G8 Summit is also attracting protestors who say the meeting does not address the needs of smaller nations. They recognize, as do many, the power of this exclusive club.
"The G8 plus, with all of the other leaders coming, is still the center of global governance across all of the major issues the world faces," John Kirton, with the University of Toronto, said of the event.
Also on the G8's agenda this week: climate change, development aid, Iran's crackdown on election demonstrators, and North Korea.
The G8 members are the United States, Canada, Britain, France, Germany, Italy, Russia and Japan.