General Knowledge - World Organisations - Discussion

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G-7, or "group of seven," mainly has to do with politics. After the first oil shock of the 1970s, economies across the world were suffering, and global leaders wanted to do something about it. So, a group of government officials decided to meet and figure things out. Members are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. In addition, the presidents of the European Council and the European Commission represent the EU at G-7 summits.

In 1998, Russia joined the club, making it the G-8, but it was kicked out in 2014 after its annexation of Crimea. So now we're back to G-7. However, Trump said Friday that Russia should be reinstated in G-7 talks.

The G-20 is all about money and has 20 members. Its members represent 85 percent of global economic output, and it's a little less exclusive than the G-7. The members are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union.

Both summits have traditionally drawn outrage and protest among activist groups demonstrating against capitalism, patriarchy, and racism.

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The 21st G7 summit was held on June 15, 17, 1995 in Halifax, Nova Scotia, Canada. The venue for this summit meeting was Summit Place in Halifax. It was labelled by Prime Minister Jean Chretien as a "Chevrolet Summit", using a utilitarian automobile as a metaphor for the summit being less expensive than previous summits in Versailles and Venice.

Why the seven countries are named as G-7?

The 21st G7 summit was held from June 15 to June 17, 1995 in Halifax, Nova Scotia. The venue for this summit meeting was Summit Place in Halifax. It was labelled by Prime Minister Jean Chretien as a "Chevrolet Summit", using a utilitarian automobile as a metaphor for the summit being less expensive than previous summits in Versailles and Venice.

The Group of Seven (G7) was an unofficial forum which brought together the heads of the richest industrialized countries: France, Germany, Italy, Japan, the United Kingdom, the United States, Canada (since 1976) and the President of the European Commission (starting officially in 1981). The summits were not meant to be linked formally with wider international institutions; and in fact, a mild rebellion against the stiff formality of other international meetings was a part of the genesis of cooperation between France's President Giscard d'Estaing and West Germany's Chancellor Helmut Schmidt as they conceived the first Group of Six (G6) summit in 1975.

France, Germany, Italy, Japan, United Kingdom, Canada and United States summit meeting was Summit Place in Halifax in 1995.

The 21st G7 summit was held from June 15 to June 17, 1995 in Halifax, Nova Scotia. The venue for this summit meeting was Summit Place in Halifax.

G-7 is group of seven countries and formed in 1975 : France, Germany, Italy, Japan, United Kingdom, canada and United States.