German Chancellor Angela Merkel arrived in Krun, Sunday, to attend a traditional Bavarian festival along with US President Barack Obama, who was due to arrive shortly after Merkel. The two leaders will hold bilateral talks in a Bavarian atmosphere amid beers and people dressed in traditional Bavarian costumes on the sidelines of the G7 summit. The heads of state of all G7 nations - comprising Canada, France, Germany, Italy, Japan, the UK and the US - will be present for the two-day summit. This year's gathering is estimated to cost just over €130 million ($144 million) according to official figures; while the German Taxpayers Federation believes it may cost the German state some €360 million ($400 million). The G7, formerly known as the G8, excluded Russia from the group of industrialised democracies in March 2014, citing its reunification with Crimea and the conflict in eastern Ukraine as the main reasons.
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