00:00You might have heard about G7 meetings and one is happening right now in France as we speak.
00:06And the foreign ministers of one of the most advanced economies are gathering to tackle a world on fire.
00:12But your reporter started to wonder, what exactly is this group doing?
00:16And does it still have the power to fix global crises?
00:21The Group of Seven is an exclusive informal club made up of the United States, Canada, France, Germany,
00:29Italy, Japan and the United Kingdom, alongside the EU.
00:33And they have immense economic gravity.
00:36When the G7 unifies on freezing assets or setting global taxes, the rest of the world listens and usually adapts.
00:45And as they meet today, they will discuss ceasefire plans in Gaza, securing maritime passage in the Strait of Hormuz,
00:52backing Ukraine and adding more sanctions on Russia's shadow fleet.
00:55And it all feels like history is repeating itself.
00:59After all, the G7 was created on the French initiative following the 1970s oil crisis.
01:06And it all sounds nice, but you might be wondering, does it actually have power?
01:11And the answer depends on how we define it.
01:14The G7 cannot pass binding international laws and it has no combined military.
01:20Every pledge relies entirely on leaders keeping their promises back home.
01:24But not everything is so sweet as it faces structural limits.
01:29By limiting its membership to traditional Western powers, it does overlook the global South.
01:35And the rapid expansion of BRICS+, so a coalition of emerging economies,
01:40proves the G7 is no longer the only heavyweight in the international affairs.
01:45And as Donald Trump pushes to make global policy entirely by himself,
01:50the G7 might seem like a relic.
01:53However, it stands as a major attempt to keep the world's biggest democracies working together,
01:58rather than each going-its alone.
02:01Well, let's face it.
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