Loading
Expert encourages culture of global solidarity in response to financial crisis

.- The former president of the World Monetary Fund and advisor to the Pontifical Council for Justice and Peace, Dr. Michel Camdessus, said this week a culture of global solidarity firmly grounded in ethics and that promotes the common good is needed to overcome the global financial crisis.

According to the Bishops’ Conference of Peru, Dr. Camdessus made his comments during the third session of the 11th National Social Week in Peru.

Dr. Camdessus said the world has been overcome by a culture of profit and that an economic model geared towards solidarity and selflessness needs to be developed.  He underscored that the current financial crisis affecting the world is not typical, but rather is the first crisis of globalization.

Its origins, he continued, stem from other factors, such as climate change, the food crisis, the energy crisis and a “cultural crisis,” which in his opinion is the most troublesome of all and receives the least attention from society.

Dr. Camdessus said the lack of ethics resulting from a culture that seeks immediate profit, and in which man views his life in exclusively economic terms, is another reason for the financial crisis.

In response, he said, a culture of the global good needs to be strengthened, based on a solidarity that is also global with respect to nations. The financial expert also urged that steps be taken to prevent a repeat of the crisis in the future, including ethical changes, the strengthening of institutions, the combating of poverty and corruption.


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 (What's this?)

Featured Videos

Pope Francis celebrates the closing Mass and announces site of next World Youth Day
Pope Francis celebrates the closing Mass and announces site of next World Youth Day
Pope Francis visits poor neighborhood and meets with young people from Argentina
Pope Francis celebrates Mass at the National Shrine of Our Lady of Aparecida
Denver rally draws hundreds in support of religious freedom
Pope Francis prays over a sick man in St Peter's Square
Denver women's clinic will offer natural, Catholic care
Interview Clips: Barbara Nicolosi speaks to CNA
US Cardinals press conference at North American College
Pope Benedict to retire to monastery inside Vatican City
Pope cites waning strength as reason for resignation
Hundreds convene in Denver to urge respect for life
New Orange bishop encourages Catholic unity in diversity
Chinese pro-life activist calls for reform, international attention
At Lincoln installation, Bishop Conley says holiness is success
Mother Cabrini shrine reopens in Chicago after a decade
Ordination of 33 deacons fills St. Peter's with joy
Cardinal says "Charity is the mother of all the virtues"
Augustine Institute expands evangelization effort with new campus
Bishops recall 'Way of St. James' as chance to trust in God
Los Angeles cathedral's newest chapel houses Guadalupe relic
Apr
20

Liturgical Calendar

April 20, 2014

EASTER SUNDAY OF THE RESURRECTION OF THE LORD

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Lk 24:13-35

Gospel
Date
04/20/14
04/19/14
04/18/14

Daily Readings


First Reading:: Acts 10:34a, 37-43
Second Reading:: Col 3:1-4
Gospel:: Jn 20:1-9

Homily of the Day

Lk 24:13-35

Homily
Date
04/20/14
04/19/14
04/18/14

Ads by AdsLiveMedia.com

Ads by AdsLiveMedia.com
     HTML
Text only
Headlines
  

Follow us: