Agenda. In a few minutes, president obama is expected to step before the cameras and speak with reporters before heading back to the United States. I want to take you to washington now to world blitzer er wolf blitzer. Thank you very much. As you mentioned, russia clearly a key focus for this twoday summit which addresses issues like Climate Change trade, the fight against isis. Thats a huge issue at this summit. Cnn is covering the global and domestic impact of this meeting from all angles. My colleague the chief washington correspondent jake tapper is here. Hes joining me here in washington. Also traveling with the president senior White House Correspondent jim acosta chief National Correspondent jim sciutto, josh rowgan and the former Obama Administration official van jones. Set the scene for us jake. What do we expect from hear from the president. He has russian aggression in ukraine, isis aggression in iraq and syria for that matter. He has a lot of issues on the agenda. Not to new england themention the deadline for negotiations with iran. A lot of thorny issues. President obama and his team have made it very clear, wolf that one of the key items they are focusing on at this g7 summit exemplified by the fact this is the second g7 summit and not g8 because they have kicked russia out is russias continuing aggression in ukraine. There was an agreement that russia has not abided by, the minute minsk agreement in march. President obama is trying to get sanctions extended against russia for its aggression in ukraine. Hes got the approval of Angela Merkel to continue the sanctions. Thats right. And he finds himself in a little bit of a vise because theres pressure from some in ukraine and domestically in the United States for him to provide lethal aid to the ukrainians weapons and ways to defend themselves from russian aggression and the aggression of the prorussian groups but merkel and others do not want to do that. They fear an escalation of the conflict in ukraine that could affect more largely other parts of europe. Lets go to jim acosta our senior White House Correspondent traveling with the president right now. Jim, in addition to russia, russian agrethsgressionaggression ukraine, isis much on the agenda and the president has been meeting with the iraqi Prime Minister. There was an awkward moment earlier though today. Reporter thats right, wolf. And this g7 summit is sort of a summit without any deliverables in search of some deliverables and al abadis visit to the alps is another example. The iraqi Prime Minister came here hoping for all sorts of military support coming from the g7 countries and he just sat down with president obama for a bilateral discussion before the president s News Conference. The president said during his discussion with al abadi and this was on camera that the u. S. Will be ramping up assistance in training for the iraqis but there were no ferm pledges, not a laundry list of items to be send to iraq to take on isis there in the critical battlegrounds lycra mehdi, but youre right. Earlier this morning there was one of those awkward moments when the president was talking to some other leaders who are gathered at the g7 summit. He was really focused and fixated on the conversation and sort of unbeknownst to him the iraqi Prime Minister sat down hoping to get a few moments of conversation with the president. The president did not even acknowledge his presence did not even realize he was there, and then the Prime Minister stood up and walked away. There was some talk as to whether or not there was a snub. I think it might be a stretch. The president shook his hand in a meeting that occurred before that awkward photoop that you saw there, and hes having a bilateral now. So why would the president snub him and then hold a bilateral discussion . Doesnt make much sense. One thing i want to mention is theres also a diplomatic goal for the president in meeting with the iraqi Prime Minister. He needed to smooth over some of the rough edges left after ash carter told cnn, our barbara starr, he thought the iraqis did not have the will to fight. I think the president during his discussions probably added some context to ash carters remarks, wolf. The president about to walk into that room over there. Hell open with a statement and then answer reporters questions. Jim sciutto is our chief National Security correspondent. Jim, i know that the president is obviously very very concerned about whats going on in iraq right now because isis seems to be making some serious headways even though they seem to have had a setback in the oil refinery town earlier in the day. They did. Iraqi forces seeming to take control, but thats one of the towns, lycra mehdi, thats been on a seesaw between iraqi and isis forces and those are really towns with the u. S. Led air campaign those iraqi forces should have been able to secure. When you look at those two key issues the coalition fight against isis and the efforts to repel russia from ukraine, theres really not a lot of success in those policies. They have hard questions as to whether the current policy is working. And when you look at ukraine here very strong statement reiterating our condemnation of the illegal annexation of the criminal crimean peninsula, but there are concerns about that coalition splintering. Putin will go to italy and meet with renzi. Hes the one g7 leader who has not spoken out strongly against russia. Lots of talk about putin trying to splinter off one of those members of the eu and thereby undermine that coalition of sanctions going forward. But even if he doesnt do that you have to ask the question is the policy working . Its been in place for a number of months but russia still holds crimea. Its not mofgving back from Eastern Ukraine and theres a lot of fighting along that border. When you look to isis the map of control of isis in syria and iraq besides these g7 countries as well as many others taking part in the coalition, that map hasnt changed either in a number of months. So as jim acosta was saying its a summit without deliverables but it has very deep questions about the effectiveness of two key policies. And the president will have to answer for that. Im sure hell be asked questions about it even if he doesnt address it in his Opening Statement. Were awaiting the president of the United States. Hes going to be opening his remarks presumably on what happened at this g7 summit in europe and then answering reporters questions. American reporters are gathered in the room. Here comes the president. Good afternoon. Let me begin by once again thanking chancellor merkel and the people of bavaria and germany for their extraordinary hospitality here at the g7. My stay here has been extraordinary. I wish i could stay longer and one of the pleasures are being president is scouting out places that you want to come back to where you dont have to spend all your time in a conference room. The setting is breathtaking. Our german friends have been absolutely wonderful. And the success of this summit is a tribute to their outstanding work. The g7 represents some of the largest economies in the world, but in our g7 partners the United States also embraces some of our strongest allies and closest friends in the world. So even as we work to promote the growth that creates jobs and opportunity, were also here to stand up for the fundamental principles that we share as democracies. For freedom, for peace, for the right of nations and peoples to decide their own destiny, for universal human rights and the dignity of every human being. And im pleased that here we showed that on the most pressing global challenges america and our allies stand united. We agree that the best way to sustain the Global Economic recovery is by focusing on jobs and growth. Thats what im focused on in the United States. On friday we learned that our economy created another 280,000 jobs in may, the strongest month of the year so far, and more than 3 million new jobs over the past year nearly the fastest pace in over a decade. Weve now seen five straight years of private sector job growth 12. 6 million new jobs created, the longest streak on record. The Unemployment Rate is near its lowest level in seven years wages for American Workers continue to rise and since i took office the United States has cut our deficit by twothirds. So in the Global Economy, america is a major source of strength. At the same time we recognize that the Global Economy while growing is still not performing at its full potential, and we agreed on a number of necessary steps. Here in europe we support efforts to find a path that enables greece to carry out key reforms and return to growth within a strong stable and growing eurozone. I updated my partners on our effort with congress to pass trade promotion authorities so we can move ahead with tppp in the asiapacific region and ttip in europe. Agreements with high standards to protect workers, Public Safety and the environment. We continue to make progress toward a strong Global Climate agreement this year in paris. All the g7 countries have now put forward our post2020 targets for reducing Carbon Emissions and well continue to urge other significant emitters to do so as well. Well continue to meet our climate finance commitments to help developing countries transition to low carbon growth. As weve done in the u. S. The g7 agreed on the need to integrate Climate Risks into Development Assistance and investment programs across the board and to increase access to Risk Insurance to help developing countries respond to and recover from climaterelated disasters, and building on the Power Africa Initiative i launched two years ago, the g7 will work to mobilize more financing for Clean Energy Projects in africa. With respect to security the g7 remains strongly united in support for ukraine. Well continue to provide economic support and Technical Assistance that ukraine needs as it moves ahead on Critical Reforms to transform its economy and strengthen its democracy. As weve seen again in recent days Russian Forces continue to operate in Eastern Ukraine violating ukraines sovereignty and territorial integrity. This is now the second year in a row that the g7 has met without russia. Another example of russias isolation, and every member of the g7 continues to maintain sanctions on russia for its aggression against ukraine. Now, its important to recognize the russian economy has been seriously weakened. The ruble and Foreign Investment are down inflation is up the Russian Central Bank has lost more than 150 billion in reserves. Russian banks and firms are virtually locked out of the international markets. Russian Energy Companies are struggling to import the services and technologies they need for complex energy projects. Russian defense firms have been cut off from key technologies. Russia is in deep recession so russias actions in ukraine are hurting russia and the russian people. Here at the g7 we agreed that even as we will continue to seek a diplomatic solution sanctions against russia will remain in place so long as russia continues to violate its obligations under the minsk agreements. It means extending the eus existing sectorial sanctions beyond july and the g7 is making it clear if necessary we stand ready to impose additional significant sanctions against russia. Beyond europe we discussed the negotiations over Irans Nuclear program and we remain united heading into the final stages of the talks. Iran has a historic opportunity to resolve the International Communitys concerns about its nuclear program, and we agreed iran needs to seize that opportunity. Our discussions with Prime Minister abadi of iraq the president of tunisia and the president of nigeria were a chance to address the threats of isil and boko haram. The g7 countries agreed to Work Together and with our partners to further coordinate our counterterrorism efforts. As many of the worlds leading partners in Global Development joined by leaders of ethiopia liberia, nigeria, senegal, and the african union, we discussed how to maximize the impact of our development partnerships. We grodagreed to continue Food Security and nutrition. Our effort to lift 5 Million People out of hunger and malnutrition by 2030. Well continue to work with our partners in west africa to get ebola cases down to zero and as part of our Global Health security agenda, im pleased that the g7 made a major commitment to help 60 countries over the next 5 years achieve specific targets to better prevent, detect and respond to future outbreaks before they become epidemics. And finally, i want to commend chancellor merkel for ensuring this summit included a focus on expanding educational and Economic Opportunities for women and girls. The g7 committed to expanding Career Training for women in our own countries and to increase technical and Vocational Training in developing countries which will help all of our nations prosper, so again i want to thank angela and the people of germany for their extraordinary hospitality. I leave her confident when it comes to the key challenges of our time america and our closest allies stand shoulder to shoulder. So with that i will take some questions and i will start off with jeff mason. Thank you, mr. President. After your meetings here you mentioned greece in your Opening Statement. Do you believe that the europeans are being too tough on greece in these talks and what else needs to be done on both sides to ensure theres a deal and to ensure that there isnt the undo harm to Financial Markets youve warned about . And on a separate and spra related topic, the french told reporters today that you said at the to g7 leaders youre concerned that the dollar is too strong. What did you say exactly and are you concerned that the dollar is too strong . First of all, dont believe unnamed quotes. I did not say that and i make a practice of not commenting on the daily fluctuations of the dollar or any other currency. With respect to greece i think that not only our g7 partners but the imf and other institutions that were represented here feel a sense of urgency in finding a path to resolve the situation there and what its going to require is greece being serious about making some important reforms not only to satisfy creditors but more importantly to create a platform whereby the Greek Economy can start growing again and prosper, and so the greeks are going to have to follow through and make some tough political choices that will be good for the long term. I also think its going to be important for the International Community and the International Financial agencies to recognize the extraordinary challenges that greece faced, and if both sides are showing a sufficient flexibility, then i think we can get this problem resolved, but it will require some tough decisions for all involved and we will continue to consult with all the parties involved to try to encourage that kind of outcome. Do you think before the deadline . I think everybody wants to make it happen and theyre working hard to get it done. Nejdra . Thank you, mr. President. How frustrated are you that after you personally raised your concerns about Cyber Security with the chinese president , that a massive attack on u. S. Personnel files seems to have originated from china . Was the Chinese Government involved and separately as a sports fan, can you give us your reaction to the fifa bribery scandal . Thank you. With respect to fifa i cannot comment on a pending case by our attorney general. I will say that in conversations i have had here in europe people think it is very important for fifa to be able to operate with integrity and transparency and accountability and so as the investigation and charges proceed, i think we have to keep in mind that although, you know football soccer, depending which side of the atlantic you live on is a game its also a massive business. It is a source of Incredible National pride, and people want to make sure it operates with integrity. The United States by the way, since we keep on Getting Better and better at each world cup, we want to make sure that,