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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Activists also noted the new bill tightens the definition of a criminal street gang to mean a group of five or more people who have committed three or more separate felonies within five years. The magazine commended the work of the "Committee of Five," a group of five people appointed to represent 35 insurance companies. Allied, an international building supplies company, will occupy a group of five interconnected buildings located at the foot of the Queensboro/59th Street bridge in close proximity to the Long Island City waterfront--a recent hotbed of mixed-use development activity. |
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