Horizon Magazine – Banks should be small and boring

Eckhard Hein, leader of WP3 – Causes and consequences of the financial crisis, was interviewed by the Horizon Magazine, the research and innovation magazine of the European Commission. As a result, an article was published in January 2017 as part of the magazine’s monthly focus on the Future of Finance. “We should go for banking…

Cordis – Understanding how finance can better serve the economy, society and the environment

The European Commission’s Community Research and Developement Information Service (CORDIS), issued an article on understanding how finance can better serve the economy, society and the environment based on their attendance to the final conference of the FESSUD project. The article recounts some of the conclusions drawn at this occasion and is available in English, French, German, Italian, Polish…

Future of Finance: Infographics

FESSUD releases infographics summarizing findings from Work Package 11, which explores the possible evolution of financialisation, the financial sector and relevant policies over a 15 to 20 year time horizon. These infographics provide elements on the future expansion & proliferation of finance, the impact of inequality on debt, demand regimes economic performance in general, as well as…

A European Union Sustainable Banking Network

This policy brief suggests a proposal for the promotion of a sustainable banking system in the EU. This sustainable banking network, that we suggest to call EU Sustainable Banking Network (EU SBN), aims to coordinate the actions of private and public banks towards sustainable banking principles through a system based on three pillars: green certification…

25th anniversary of the Portuguese Economic and Social Council

Malcolm Sawyer, principal investigator of the FESSUD project, gave a speech at the commemoration of the 25th anniversary of the Portuguese Economic and Social Council, in presence of Marcelo Rebelo de Sousa, President of the Republic Portugal, and José António Vieira da Silva, the Portuguese Minister of Labour, Solidarity and Social Security. His talk was entitled “Re-structuring…

Financialisation & Well-being: Infographics

In evaluating the differential impact of financialisation and of the crisis on social well-being across the EU from multiple perspectives, WP5 – Finance and well-being has been focusing particularly on the relationships of households with the financial system. The infographics below summarizes some of the findings of this work package, namely that financialisation dysfunctions produce new vulnerabilities.  …