Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label Vatican. Show all posts
Showing posts with label Vatican. Show all posts
June 13, 2010
ADN KRONOS INTERNATIONAL: Vatican City - Pope Benedict XVI on Saturday offered advice for European banking and development officials trying to help countries recover from the current economic crisis. The pontiff said finance and the economy were nothing more than a means to help people realise their potential and keep their dignity.
Benedict told officials of the European Council's Development Bank during a speech at the Vatican that leaders must value human "capital".
He also said that Christianity in Europe will allow the continent to keep its laws and social structures responsible and ethical. [Source: AKI] | Saturday, June 12, 2010
March 15, 2009
BLOOMBERG: The Vatican said banks should look at the rules of Islamic finance to restore confidence amongst their clients at a time of global economic crisis.
“The ethical principles on which Islamic finance is based may bring banks closer to their clients and to the true spirit which should mark every financial service,” the Vatican’s official newspaper Osservatore Romano said in an article in its latest issue late yesterday.
Author Loretta Napoleoni and Abaxbank Spa fixed income strategist, Claudia Segre, say in the article that “Western banks could use tools such as the Islamic bonds, known as sukuk, as collateral”. Sukuk may be used to fund the “car industry or the next Olympic Games in London,” they say.
Pope Benedict XVI in an Oct. 7 speech reflected on crashing financial markets saying that “money vanishes, it is nothing” and concluded that “the only solid reality is the word of God.” The Vatican has been paying attention to the global financial meltdown and ran articles in its official newspaper that criticize the free-market model for having “grown too much and badly in the past two decades.”
The Osservatore’s editor, Giovanni Maria Vian, said that “the great religions have always had a common attention to the human dimension of the economy,” Corriere della Sera reported today. >>> By Lorenzo Totaro | Wednesday, March 4, 2009
Hat tips: Always On Watch and Infidel Bloggers Alliance
The Dawning of a New Dark Age (Paperback – Italy) >>>
Labels:
Islamic finance,
Vatican
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