Rome, Italy, Aug 12, 2009 / 15:11 pm
The president of Etica Bank in Italy, Fabio Salviato, said this week that the new encyclical by Pope Benedict XVI, “Caritas in Veritate,” is a guide for redefining the world economic system.
In an interview with Vatican Radio, the 51 year-old executive and author said the encyclical is a “guide that can enlighten us in this phase of individualization of a new economic and financial system.”
He noted that the new encyclical calls for “a cultural change founded upon the centrality of the person.”
“By responding to the needs of the person, fighting against poverty, and respecting the environment a redefinition of the economical financial system will emerge,” he added.