Rome, Italy, Jul 21, 2011 / 17:03 pm
President of the Vatican bank Ettore Gotti Tedeschi said July 21 that the best solution to the current economic crisis is for families to have more children.
Developed nations “must invest in the family and in children in order to generate rapid economic growth,” Tedeschi said in an editorial in the Vatican paper L'Osservatore Romano.
The Vatican bank president explained that because there aren't enough young people in society to support the increasing amount of elderly, population aging “can be considered the true origin of the current economic crisis.”
He said that in Western countries, such as the U.S. and Europe in particular, the percentage of the population over 60 years old continues to grow considerably. The “cost of this tendency is not sustainable,” he added.