The Munich Security Conference has grown over more than 40 years to become an important point in the calendar for those interested in such things.
It started with the idea of addressing the stand-off in Europe between the US and the West, and the powerful Soviet bloc. Now, the changing global situations throws up many more issues, many more questions.
The most talked about topic here over the first two days has been Iran and the country's controversial nuclear programme.
In a late night session, Manouchehr Mottaki, the Iranian foreign minister, made his country's position clear: soon there will be a deal which will see his country send its enriched uranium abroad to be returned as "safer" fuel rods. The most important word there is soon.