The G7 (also known as the G-7 or Group of Seven) is the meeting of the
finance ministers from a group of seven industrialized nations. It was formed in 1976, when Canadajoined the Group of Six: France, Germany, Italy, Japan, United Kingdom, and United States of America. [http://www.britannica.com/EBchecked/topic/1008689/Group-of-Seven The early history of the G7] The finance ministers of these countries meet several times a year to discuss economic policies. Their work is supported by regular, functional meetings of officials, including the G7 Finance Deputies. [http://www.womensgroup.org/G-7REPOR.html An extensive look at the role of the G7]
It is not to be confused with the
G8, which is the annual meeting of the heads of government of the aforementioned nations, plus Russia. The G7 held a meeting on April 11, 2008in Washington D.C. [Bo Nielsen, " [http://www.bloomberg.com/apps/news?pid=20601087&sid=aj_btjkBGNes&refer=home G7 Statement Fails to Convince Major Traders to Change Outlook] , Bloomberg L.P., April 14, 2008] and then held another on October 10, 2008, in Washington D.C, to discuss the current global situation with the markets. [Simon Kennedy, " [http://www.bloomberg.com/apps/news?pid=20601068&sid=ar19H3Xe0d7o&refer=economy G7 `Against the Wall,' Weighs Loan-Guarantee Plan (Update1)] , Bloomberg L.P., October 10, 2008 08:06 EDT]
G20 industrial nations
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