G-7


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AcronymDefinition
G-7Group of 7
References in periodicals archive ?
In a private dinner at the summit, the leaders of Britain, Germany and Canada objected to readmitting Russia into G-7, because Putin has not honoured his promises regarding Ukraine.
Earlier on Sunday, the local media had quoted Macron as saying that the G-7 leaders had agreed on "what we wanted to say jointly on Iran."
The U.S President Donald Trump called for the re-admission of Russian Federation in the fold of G-7 but President Vladimir Putin gave a cold shoulder to the American suggestion.
His comments undermine the G-7, a bloc that was once a pillar of US foreign policy and has long acted as a defender of the global economic system.
In the broad-ranging, 32-page declaration, the G-7 committed to market-based exchange rates and to avoiding "competitive devaluation" of their currencies, while warning against wild exchange-rate moves.
Raza Haroon a resident of G-7 said,"Problem of clean
Noting that the G-7 statement released in February committed members to refrain from competitive currency devaluation, Aso said, "Understanding is spreading that each G-7 country is taking measures for its own economy."
The G-7 statement did not specifically address the decision by credit rating agency Standard & Poor's to lower the US credit rating a notch from AAA to AA+.
Geithner is expected to hold a press conference after the G-7 summit on October 3.
With the G-7 not expressing concerns about the Japanese currency's surge, ''there is a possibility that the yen could rise further'' against the U.S.
-- The G-7 holds a positive global economic outlook, with the United States posting moderating growth, Europe seeing solid growth and Japan staging a broad-based recovery.
By that year, Japanese will live for an average 90.91 years, the longest among the Group of Seven (G-7) countries, Mountain View Research said in a survey to be published in the June 15 issue of the journal Nature.