Probably the most pronounced manifestation of transstate governance to date has been the G7/8 process (Hajnal, 1999; Hodges et al., 1999; Bayne, 2000; Kirton et al., 2001; G8, 2004). This transgovernmental collaboration on global economic, financial and later also wider questions started as a Group of Five in 1975, soon expanded to a Group of Seven (G7), and became the Group of Eight (G8) with the addition of Russia in 1998. Begun as a summit for heads of government, the G7 established a separate finance ministers group in 1986 that normally meets 3-4 times per year. Between summits and ministerial meetings, considerable G7/8 activity takes place outside public view between senior officials of the respective governments.