With the re-establishment of the G7, the democracies of the West will once again have their own forum as a community of shared values. However, the G7 nations face several fundamental challenges: Both a strategic debate about transatlantic relations and specification of a shared constructive position vis-à-vis Russia are required. During its G7 presidency Germany should thus clearly foreground the opportunities offered by a strengthened Western partnership of values. The German government should also promote the elaboration of a long-term vision and strategy for the MENA region.