G7

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For other uses, see G7 (disambiguation).

"Group of Six" redirects here. For other uses, see G6 (disambiguation).

The G7 (also known as the G-7) is an international finance group consisting of the finance ministers from seven industrialized nations.

G7 finance ministers at the 2008 meeting (front row, L-R):
Canadian Finance Minister Jim Flaherty,
French Finance Minister Christine Lagarde,
German Finance Minister Peer Steinbrueck,
U.S. Treasury Secretary Henry Paulson,
Italy's Finance Minister Tommaso Padoa-Schioppa,
Japan's Finance Minister Fukushiro Nukaga,
UK Chancellor of the Exchequer Alistair Darling and
Chairman of the Eurogroup, Jean-Claude Juncker.

[edit]History

The G7 began in 1975 as the Group of Six and included the countries of France, Germany, Italy, Japan, United Kingdom, and United States, and was joined byCanada the following year .^[1] Collectively, the G7 nations comprised 50.4% of global nominal GDP and 39.3% of global GDP (PPP). This group meets several times a year to discuss economic policies. Their work is supported by regular, functional meetings of officials, including the G7 Finance disputes.^[2]

The G7 met in Washington D.C. twice in 2008 ^[3] and in February 2009, in Rome, to discuss the global financial crisis of 2007-2010.^[4][5] The group of finance ministers has pledged to take "all necessary steps" to help stem the crisis.^[6]

Date	Host country	Host leader	Location held
November 15–17, 1975	France	Jean-Pierre Fourcade	Château de Rambouillet, Rambouillet
June 27–28, 1976	United States	Jan Jordan Rodriguez	Dorado Beach Hotel, Dorado, Puerto Rico
May 7–8, 1977	United Kingdom	Denis Healey	No. 10 Downing Street, London
July 16–17, 1978	West Germany	Hans Matthöfer	official residence of the Chancellor of the Federal Republic of Germany Bonn
May 28–30, 1983	United States	Ronald Reagan	Colonial Williamsburg, Williamsburg, Virginia
June 19–23, 1988	Canada	Michael Wilson	Metro Toronto Convention Centre, Toronto, Ontario
July 9–11, 1990	United States	James Baker	Rice University and other locations in the Museum District Houston, Texas
June 15–17, 1995	Canada	Paul Martin	Summit Place, Halifax. Nova Scotia
June 27–29, 1996	France	Jean Arthuis	Museum of Contemporary Art (Musée d'art Contemporain de Lyon), Lyon
February 11–13, 2001	Italy	Vincenzo Visco	Palermo
February 6–8, 2010	Canada	Jim Flaherty	Iqaluit, Nunavut 2010[7] - finance minister's meeting at the Legislative Assembly of Nunavut[8]