FACTBOX-Themes and scenarios for G8 summit in Italy

(Reuters) - Leaders from the Group of Eight industrial nations and leading 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, trade, food security and aid. Following are the major themes which 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 stabilisation in major economies and aiming to send a positive message on the global economic outlook. Talks may also broach possible exit strategies from the downturn, though G8 leaders are likely to emphasise it is too early yet to wind down policy stimulus.

The World Bank cautioned G8 leaders in a letter ahead of the summit it was premature to assume a recovery was at hand and the outlook for 2010 remained uncertain.

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

ENVIRONMENT