Loading
En route to Madrid, Pope says economies need morals
Pope Benedict speaks to reporters aboard the papal plane ahead of his visit to the UK in Sept. 2010
Pope Benedict speaks to reporters aboard the papal plane ahead of his visit to the UK in Sept. 2010
By David Kerr
Facebook Twitter Google+ Pinterest Addthis

.- Pope Benedict XVI used his flight to Madrid for World Youth Day to call for a new ethical code in global economics. Spain currently has the highest unemployment rate in the industrialized world, with nearly 50 percent of its young people unable to find work.
 
“The economy doesn’t function with market self-regulation but needs an ethical reason to work for mankind,” the Pope told reporters aboard the papal plane.

“Man must be at the center of the economy, and the economy cannot be measured only by maximization of profit but rather according to the common good.”
 
Pope Benedict drew upon his 2009 encyclical “Caritas in Veritate” or “Charity in Truth” in which he asserted that the dignity of the person must be central to all economic decisions.

He told reporters that the current economic crisis afflicting many young people in countries like Spain again shows that a moral dimension isn’t “exterior” but “interior and fundamental” to the formulation of economic policy.

Among the welcoming party at Madrid’s Barajas Airport were Spain’s Socialist Prime Minister Jose Luis Rodriguez Zapatero and his conservative opposition leader Marian Rajoy. With both men listening, the Pope once again dwelt upon matters economic in his opening remarks.

“Many young people look worriedly to the future, as they search for work, either because they have lost their job or because the one they have is precarious or uncertain.”

It was a sentiment that echoed King Juan Carlos’ comments moment before. He said Spain’s youth are “frustrated by the lack of personal and work possibilities, and rebel against the serious problems facing the world today.”
 
Last night, around 5,000 individuals took to the streets of Madrid to protest, they said, against the cost of the papal visit to Spain. Police arrested eight of the demonstrators after groups of protesters started taunting and attacking young pilgrims.

Organizers of World Youth Day say the event is being fully paid for by the Catholic Church and pilgrims but not by the Spanish state. They also point out the economic boost that a million or more visitors to Madrid are giving to Spain’s ailing economy.

Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages

RESOURCES »

Ads by Google (What's this?)
Ads by Google

Featured Videos

Little Sisters of the Poor press conference in Denver
Little Sisters of the Poor press conference in Denver
Family thrilled to see Pope Francis in Istanbul
Syrian Refugee, Sara, 14, Before Meeting Pope
Ebola orphans thousands of children in West Africa
One year after Haiyan: Philippines rebuilds homes, lives
An Indian contribution to the Vatican's Synod on the Family
Christ Cathedral CNA video Sept 2014
Alejandro Bermudez of CNA accepts ice bucket challenge
'The Real Albania,' remembering those who fled
Pope Francis in Albania, "one of the most important visits of the post-communist era in Albania"
Pope Francis greets paralyzed man who risked all to see him
Franciscans on the banks of the Tiber in Rome, working for the New Evangelization
Pilgrimage from Czech Republic to Assisi and Rome for intentions
Testimony of young Indian who met Pope in Korea
Preparations of the Closing Mass of 6th Asian Youth Day
Missionary of Charity, Korea
Testimony of Christian Love during Pope's Visit to Korea
Religious Sisters in South Korea react to Pope Francis kissing a baby
Warm atmosphere during Holy Mass at Daejeon World Cup Stadium
Images inside Pope Francis flight to South Korea
Dec
21

Liturgical Calendar

December 21, 2014

FOURTH SUNDAY OF ADVENT

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Mt 21:23-27

Gospel
Date
12/15/14
12/14/14
12/13/14

Daily Readings


Gospel:: Lk 1: 26-38

Saint of the Day

St. Romuald »

Saint
Date
12/15/14

Homily of the Day

Mt 21:23-27

Homily
Date
12/15/14
12/14/14
12/13/14