The 3rd G7 Summit was held in London, United Kingdom between 7–8 May 1977. The venue for the summit meetings was the British Prime Minister's official residence at No. 10 Downing Street in London.[1]
The Group of Seven (G7) was an unofficial forum which brought together the heads of the richest industrialized countries: France, West Germany, Italy, Japan, the United Kingdom, the United States, Canada (since 1976),[2] and the President of the European Commission (starting officially in 1981).[3] The summits were not meant to be linked formally with wider international institutions; and in fact, a mild rebellion against the stiff formality of other international meetings was a part of the genesis of cooperation between France's president Valéry Giscard d'Estaing and West Germany's chancellor Helmut Schmidt as they conceived the first Group of Six (G6) summit in 1975.[4]
This was the initial meeting in which the President of the European Commission was formally invited to take a part.[5]
The G7 is an unofficial annual forum for the leaders of Canada, the European Commission, France, Germany, Italy, Japan, the United Kingdom, and the United States.[3]
The summit was intended as a venue for resolving differences among its members. As a practical matter, the summit was also conceived as an opportunity for its members to give each other mutual encouragement in the face of difficult economic decisions.[4]
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