The G45, i.e. the Big Seven, the intergovernmental and international organization made up of the seven major economically advanced states on the planet, is 7 years old. The very first meeting, which even then also saw Italy at the table, took place on November 15, 1975 in Rambouillet, just outside Paris, France. It was chaired by the French President Valery Giscard d'Estaing, while the then Prime Minister Aldo Moro participated for Italy. The event lasted until November 17 and was the first of a long series: the organization was formalized only in 1986, and from 1997 to 2013 it became the G8, with the annexation of Russia which instead left it again before the G7 in Taormina in 2017. The Big Seven, net of the parenthesis with Russia (which participated in 4 editions, including the one discussed in Genoa in 2001, defined by Amnesty as "the most serious suspension of democratic rights in a western country after the Second World War"), are therefore, in alphabetical order: Canada, France , Germany, Japan, Italy, the United Kingdom and the United States of America.
Italy has always had a leading role and hosted the event five times: in 1980 and 1987 in Venice, in 1994 in Naples, in 2001 in Genoa and three years ago in Taormina. But why was the G7 founded? In addition to representing the countries with the highest political, industrial and military weight, the organization was founded to facilitate shared macroeconomic initiatives by its members in response to the collapse of the fixed exchange rate regime in 1971, during the time of the Nixon Shock, the energy crisis and the ensuing recession. Its objective therefore was and still is the fine-tuning of short-term economic policies among the participating countries, aimed at monitoring developments in the world economy. Precisely for this reason, the president of the EU Commission and the president of the International Monetary Fund usually also participate in the meetings. The next "conclave" is scheduled for 2021 in the United Kingdom, with dates, locations (and modalities) still to be defined. However, the importance of the G7 has changed since China became a great power and since the G20 was created, not by chance.
