Group of Seven finance ministers meeting in France this week will make it one of their priorities to contain the risks posed by new currencies such as Facebook’s Libra
French President Emmanuel Macron, the host of this weekend’s Group of Seven summit, has publicly expressed hope that the G-7 leaders will reaffirm a shared commitment to democratic ideals and multilateral cooperation in an era of political and economic turmoil. That’s probably wishful thinking.
In a move that could raise hundreds of billions of dollars to help governments cope with the aftermath of COVID-19, the Group of Seven (G7) large advanced economies agreed to back a minimum global corporate tax rate of at least 15%.
The upcoming G7 Summit in Cornwall, UK from June 11 to 13 is perhaps the first international event, in the backdrop of the continuing Covid pandemic, when the leaders from the worlds wealthiest countries — the US, Japan, Germany, the UK, France, Italy and Canada — will be meeting
Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy — the G7 — will hold talks as Ukraine, invaded by Russia on Feb. 24, is struggling to fend off the attack.