The IÖW is a leading scientific institute in the field of
practice-oriented sustainability research. It devises strategies
and approaches for viable, long-term economic activity – for an
economy which enables a good life and preserves natural
resources. European finance experts this week convened in
Brussels to discuss necessary changes of the finance system for
promoting the transition to a sustainable economy. Though the
finance system has nearly collapsed in 2008 it is still largely
in the same shape as before, claim the experts. Fundamental
changes are needed in order to limit the “short-termism” of
finance institutions and take a longer term perspective of
financial allocations. In brief, the specialists call for less
speculation and more investment, integrating ecological values
in the finance system and the return of banks to their core
function as intermediates between savers and businesses. For two
days more than 50 specialists from 15 countries discussed
current food consumption trends and necessary