Bürgerbewegung Finanzwende

Identity card

10 Years after the bankruptcy of Lehman Brothers Holdings Inc., the causes for another devastating crisis on the financial markets have not been abandoned. The crisis revealed how deeply financial markets, public finance and the basic functions of nation states are interweaved. While the financial markets got bailed out with public money, the tremors of this financial markets earthquake are continuing to shake societies.

Understanding the destructive power of a badly regulated finance sector, a group of politicians from different parties, economists, activists, NGOs, lawyers and (former) bankers have founded the German NGO “Bürgerbewegung Finanzwende – Finance Watch Deutschland” (FWD). Being very closely related to “Finance Watch”, a Brussels based NGO which is lobbying for EU-wide finance politics to the benefit of all EU citizens, Finanzwene is consequently carrying the subtitle Finance Watch Germany. Furthermore, Finanzwende has close ties to the German Federation of Trade Unions, Facing Finance an the The German Association of the Insured (BdV).

Finanzwende aims to raise awareness for finance policy issues. Therefore, the association informs about relevant topics and debates and presents political options. Through education campaigns, petitions and other forms of media and activist engagement, FWD contributes to empower all citizens to take part in transforming the financial sector. One year after being founded, its community encompasses more than 2000 individual members with whom FWD tackles financial market issues such as consumer rights, stability issues, sustainable finance and compliance issues (money laundering, tax fraud via financial markets). To further grow the community, FWD are currently working hard to further develop their campaign capacities and possibilities to truly build up a social movement for a financial transition.

FWD is member of the « Allianz Rechtssicherheit für politische Willensbildung ».

FWD has a governing board of five people, three advisors (fellows), a deputy director and a staff of 10 people.

Objectives

Finanzwende aims to raise awareness for finance policy issues.

Modes of action

  • media actions: pamphlet, opinion paper, campaign

Thematic areas

  • economy