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Although not everything that had been happening in the financial world was bad, there were certainly a number of things that increased or intensified the crisis. They had to be reviewed and therefore the term of sustainability that came up was postponed until 2008.
These were some of Luc Friedens (picture) thoughts in London at a conference organised by City of London and Luxembourg for Finance. Luxembourgs minister of Finance has discovered that bankers tend to copy things from the world of environmentalism more and more. In the 1980s, the Brundtland Commission of the United Nations defined sustainable development as taking into account the needs of the present without compromising the ability of future generations to meet their own needs. So...
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