The Group of Eight G8 is the grouping of eight of the world's leading industrialized nations: France, Germany, Italy, Japan, the United Kingdom, the United States, (the G6, 1975), Canada (the G7, 1976), and Russia (not participating in all events), as well as the European Union. The hallmark of the G8 is an annual economic and political summit (G8 Summit) of the heads of government with international officials, though there are numerous subsidiary meetings and policy research.
Background and history
The G-8 has its roots in the 1973 oil crisis and subsequent global recession. These troubles led the United States of America to form the Library Group, a gathering of senior financial officials from the United States, Europe, and Japan, to discuss the economic issues. In 1975 French President Valéry Giscard d'Estaing invited the heads of state of six major industralized democracies to a summit in Rambouillet and proposed regular meetings. The participants agreed to an annual meeting organized under a rotating presidency, forming what was dubbed the Group of Six (G6) consisting of France, West Germany, Italy, Japan, the United Kingdom, and the United States of America. At the following year's summit on Puerto Rico, it became the Group of Seven (G7), when Canada joined at the behest of U.S. President Gerald Ford.
The current G8 leaders are:
Canada — Paul Martin
France — Jacques Chirac
Germany — Gerhard Schröder
Italy — Silvio Berlusconi
Japan — Junichiro Koizumi
Russia — Vladimir Putin
United Kingdom — Tony Blair
United States of America — George W. Bush
European Union — President of the European Council, President of the European Commission and President of the European Parliament
Background and history
The G-8 has its roots in the 1973 oil crisis and subsequent global recession. These troubles led the United States of America to form the Library Group, a gathering of senior financial officials from the United States, Europe, and Japan, to discuss the economic issues. In 1975 French President Valéry Giscard d'Estaing invited the heads of state of six major industralized democracies to a summit in Rambouillet and proposed regular meetings. The participants agreed to an annual meeting organized under a rotating presidency, forming what was dubbed the Group of Six (G6) consisting of France, West Germany, Italy, Japan, the United Kingdom, and the United States of America. At the following year's summit on Puerto Rico, it became the Group of Seven (G7), when Canada joined at the behest of U.S. President Gerald Ford.
The current G8 leaders are:
Canada — Paul Martin
France — Jacques Chirac
Germany — Gerhard Schröder
Italy — Silvio Berlusconi
Japan — Junichiro Koizumi
Russia — Vladimir Putin
United Kingdom — Tony Blair
United States of America — George W. Bush
European Union — President of the European Council, President of the European Commission and President of the European Parliament
Comment