G7
The Group of Seven, or G7, is the meeting of finance ministers from seven nations. The finance ministers meet to discuss economic policies that affect the world. The countries include Canada, Germany, France, Italy, the United Kingdom, Japan and the United States. On October 10, 2008, the G7 met in Washington D.C. to address the current crisis with the world's financial markets.1
Fast Facts
- G7 aka Group of Seven
- Formed in 1975 as G62
- First summit held in France in 1975
- Became G7 in 1976 when Canada joined2
- Hold meetings several times a year
October 2008 Plan of Action
On October 10, 2008, the G7 met in Washington D.C. to address the current crisis with the world's financial markets. The G7 presented a five-point "Plan of Action" that promises to "ensure that our banks...can raise capital from public and well as private sources, in sufficient amounts to re-establish confidence and permit them to continue lending to households and businesses."1
Related Pages on Mahalo
G8 | G7 Plan of Action | Mortgage Bailout Plan | World Bank | Germany | Japan | United Kingdom | Italy | United States | France | Canada
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