European Union and the G8
- European Union and the G8
The European Union (EU) is a member of the G8 (formerly the G7), dubbed its "9th member",[ [http://www.g8.utoronto.ca/g.html What does the G stand for? Group!] G8 Information Centre] holding all the privileges and obligations of membership but without the right to host or chair a summit.][cite web| url = http://www.deljpn.ec.europa.eu/union/showpage_en_union.external.g8.php| title = EU and the G8| accessdate = 2007-09-25| publisher = European Commission] As the full name of the G8 is the "Group of Eight Nations", the EU has not been included in the number, hence there being nine members in the G8.]The President of the European Commission has attended since he was first invited to the third G7 summit in 1977, Roy Jenkins was the then-President.
The EU attends due to its role in the world economy, and its relevancy increased with the establishment of a single market, common currency and foreign policy. The Paris Summit of 1989 was a landmark year for the EU's participation in the G7, when the G7 asked the EU to assume responsibility for Phare.
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