FACTBOX: Themes and scenarios for G8 summit in Italy

(Reuters) - Leaders from the Group of Eight industrial nations and major developing nations will hold talks from July 8-10 in the central Italian city of L'Aquila.

The talks are expected to focus on the state of the world economy, financial regulation, climate change and trade and development. Following are the main themes that will be discussed and possible outcomes from the meeting.

FINANCIAL CRISIS

G8 talks will open with a discussion of the financial crisis, with the first day's statement likely to focus on signs of stabilization in major economies and aiming to send a positive message on the global economic outlook. Talks will also broach possible exit strategies from the downturn, though G8 leaders are likely to emphasize that it is too early yet to wind down policy stimulus.

Italy is pushing for the adoption of an agreement on "global standards" of regulation: an international charter covering everything from executive pay, corporate governance, banking, taxation, trade, corruption and regulation of financial markets.

Critics of the 70-page "Lecce Framework" -- named after the Italian city where it was drafted by finance ministers last month -- say it is a compilation of existing guidelines, too broad to be effective and toothless because its lacks penalties.

While the G8 is unlikely to adopt a new global charter officially, it may recommend a document to the forthcoming G20 summit in Pittsburgh in September.

Germany is pushing the G8 for tougher regulation, accusing Britain in particular of opposing moves for tighter rules. Chancellor Angela Merkel is proposing a broader "charter for sustainable economic development."

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