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Tuesday, October 25, 2011

Vatican Calls for Financial Reforms

by George Patsourakos

The Vatican called today (October 24, 2011) for radical reform of the world's financial systems -- including the creation of a global political authority to manage the economy -- according to the Huffington Post website.

A proposal by the Pontifical Council for Justice and Peace calls for a new world economic order based on ethics and the "achievement of a universal common good."

The proposal suggests the reform process -- which will take some time to complete -- begin with the United Nations as a point of reference.

"It is an exercise of responsibility not only toward the current but above all toward future generations, so that hope for a better future and confidence in human dignity and capacity for good may never be extinguished," the document said.

From here.

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