Feb 10, 2008 / 18:01 pm
Archbishop Celestino Migliore, the apostolic nuncio leading the Holy See’s permanent observer mission to the United Nations, addressed the U.N. Economic and Social Council on the importance of providing full employment and decent work to all people.
Archbishop Migliore stressed that a lack of employment and poor-quality employment offend human dignity. He said that people, especially the young, “discover meaning and confidence in the future when they find long-term work with the opportunity for a deserved promotion.”
The archbishop referenced the global turmoil in world markets resulting from the collapse of the so-called real estate bubble as an example of the “ever-accelerating periodic cycles” alternating between job-creating economic growth and job-destroying economic recession.
“At this very moment, with bated breath the world wonders where the ongoing financial woes, provoked by the crisis in the real estate sector in some of the most developed economies, would lead us,” Archbishop Migliore said.