Group of Five

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Group of Five (G-5)

The five leading countries (France, Germany, Japan, the U.K., and the U.S.) that meet periodically to achieve some cooperative effort on international economic issues. When currency issues are discussed, the monetary authorities of these nations hold the meeting.

Group of Five

1. The United States, Japan, Germany, the United Kingdom, and France (listed by nominal GDP). The G5 are the world's leading industrial powers. Their leaders meet periodically to discuss economic cooperation, and the five nations have generally friendly trade relations. Representatives of the central banks of these nations also meet periodically to discuss monetary matters.

2. Group of Five is also occasionally used to describe representatives of the five Wall Street investment firms who jointly designed subprime mortgage securities: Deutsche Bank, Goldman Sachs, Bear Stearns, JP Morgan Chase, and Citigroup.
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