Sorting out the "G"s

Pretty much ever time you hear the news you hear something about G-some-number. I finally couldn't take it anymore as they were all running together in my head, so I had to at least try to parse it out some.

G stands for "Group" - they really need to think of something more original.

There are
G7 (formerly G6)
G8
G20

The G7 ("Group of 7" Yes, really.) are the finance ministers of seven industrialized nations:
France, Germany, Italy, Japan, United Kingdom, United States, and now Canada

The G8 (you can just guess what that stand for) also includes Russia and particularly focuses on the Northern Hemisphere and is a more general "heads of state" and has several subgroupings.

With the G20 we're back to finance ministers and government banker types of these governments:

• Argentina
• Australia
• Brazil
• Canada
• China
• France
• Germany
• India
• Indonesia
• Italy
• Japan
• Mexico
• Russia
• Saudi Arabia
• South Africa
• South Korea
• Turkey
• United Kingdom
• United States
• European Union

The current G20 meeting is in London and the UK is also suffering a major recession which is why they're getting some very angry protesters.

Ref:
http://www.npr.org/templates/story/story.php?storyId=102592516