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Today is the last day of this year’s G7 summit in Évian-les-Bains, France, where the US’ recently announced agreement with Iran has taken center stage.
The G7 is an informal group of seven of the world’s largest economies: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.
The meetings began as the “Library Group,” which was founded in the 1970s by then-US Treasury Secretary George Shultz.
Finance ministers of the US, France, Germany and the UK met for informal “fireside chats” to try to stabilize currency turbulence.
Japan joined soon after and, in 1975 – with two of the original participants having by then become French president and German president – the meetings were turned into gatherings of heads of state and government.
Canada and Italy soon joined and they became known as the Group of Seven.
Russia was indefinitely suspended from the group – which was at the time known as the G8 – in 2014 after the majority of member countries allied against its annexation of Crimea.
Members of the G7 meet each year for a summit to discuss pressing issues on the global stage and coordinate policy.
The European Union is also represented at the meeting, with the President of the European Council, António Costa, and the President of the European Commission, Ursula von der Leyen, attending this year’s event.
Other world leaders, including the heads of state of Egypt, India, Qatar, the United Arab Emirates, Kenya, Brazil and South Korea, also attended this year’s summit as partner countries.
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