What the G7, held this year in Taormina, is and what it is for

What the G7, held this year in Taormina, is and what it is for

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The G7 is a meeting attended by the governments of the seven leading world powers. It was established in 1975 on the initiative of France.

The G7 is the summit of the seven most industrialised countries in the world. It was established in November 1975 on the initiative of the then French president Valéry Giscard d'Estaing, although on that occasion only six major powers met: the United States, Japan, Germany, France, Great Britain and Italy. Canada was present at subsequent meetings.

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From 1976 onwards the meeting became annual, and the composition of the nations present remained unchanged until 1997, when Russia joined: the G7 thus became the G8 and was also expanded to include the president of the European Commission.

In some cases the G7 has become the G8 and the G20

During these meetings, world leaders discuss the issues of greatest concern to their countries, and therefore primarily economics. The idea is to bring policymakers together on a systematic basis, so as to be able to make headway in discussions more easily. However, many have criticised G7 meetings, viewing them as insufficiently democratic bodies that in practice lead to the creation of a world "directorate". Emblematic in this regard are the popular protests organised by the alter-globalisation movement on the occasion of numerous summits, in particular the G8 held in Genoa in 2001, which was the scene of serious clashes between demonstrators and law enforcement, as well as of violence on the part of the latter.
There is also the G20, which is the G8 expanded to include emerging economies. It should be noted, finally, that the group recently reverted to the G7 format because Russia was excluded from the meetings following its armed intervention in Ukraine in 2014. A meeting of the group is being held in Taormina, Sicily, on 26 and 27 May.