G7 in Taormina

This post is also available in: Italian The 43rd G7 Taormina summit   The Group of 7 (G7) is a group consisting of the seven major advanced economies  ( as reported by the International Monetary Fund ) and represents more than 64% of the net global wealth ($263 trillion)these countries are :  Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States and the European Union.  A very […]

This post is also available in: Italian

 The 43rd G7 Taormina summit

 

The Group of 7 (G7) is a group consisting of the seven major advanced economies  ( as reported by the International Monetary Fund ) and represents more than 64% of the net global wealth ($263 trillion)these countries are :  Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States and the European Union.  A very high net national wealth and a very high Human Development Index are the main requirements to be a member of this group.  The organization was originally founded to facilitate shared macroeconomic initiatives by its members in response to the collapse of the exchange rate 1971, during the time of the Nixon Shock, the 1970s energy crisis and the ensuing recession.  Its goal was fine tuning of short term economic policies among participant countries to monitor developments in the world economy and assess economic policies.

The 42nd G7 summit was held in Japan in May 2016. Other recent G7 meetings include that of May 2013 in Aylesbury, United Kingdom with an emergency meeting in The Hague, Netherlands on March 24, 2014.

The 43rd G7 in Taormina summit will be held on May 26–27, 2017 .  In March 2014, the G7 declared that a meaningful discussion was currently not possible with Russia in the context of the G8. Since then, meetings have continued within the G7 process…

Definitely lots of work to do in the Ionian Pearl looking forward to the G7, with roads to fix and buildings to modernize, but our beautiful town will be ready to host such important event that will capture the world’s attention for a week.  Unfortunately no tourism will be available during that week for security reasons, but   Taormina’s Hotels will be still full booked with all the delegations, journalists, police and so on…

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