Pontifical Council for Justice and Peace urges major economic reform

2011-10-25 Vatican Radio

The Pontifical Council for Justice and Peace released a document calling for a radical reform of the world's financial and monetary systems. It also proposed the creation of a global political authority to manage the economy and a new world economic order based on ethics. The note entitled “Towards reforming the international financial and monetary systems in the context of the global public authority” was presented to journalists at a press conference today presided over by the President of the Council, Cardinal Peter Turkson. “We are talking about finding solutions to issues, finding solutions to problems”. Cardinal Turkson also told Lydia O’Kane, who participated at the conference, that the document was also a way of giving a voice to the voiceless. “Definitely, that’s part of it and in fact in asking the G20 to pay attention to this or currently start doing a reflection in this direction, it is actually in view of those who suffer from this phenomenon, so giving a voice to the voiceless, that’s what it is”. The proposal which is not a papal document, suggests that the reform process might begin with the United Nations as a point of reference. Listen 00:09:19:68