New Events

International

no events posted in last week

Blog Feeds

Human Rights in Ireland
News on Human Rights

offsite link Traveller Community in Galway Fri Aug 03, 2018 18:03 | Human Rights

offsite link Maldives Remain UK Priority Thu Jul 19, 2018 13:09 | Human Rights

offsite link US Withdraw From UN Human Rights Council Thu Jul 19, 2018 13:06 | Human Rights

offsite link Returning Refugees Greece Wed Jul 18, 2018 10:56 | Human Rights

offsite link Australia Immigrants English Speaking Wed Jul 18, 2018 10:54 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link Being nerd? 12:35 Sat Aug 18, 2018 | WorldbyStorm

offsite link Is this the least attractive new building in Dublin? 11:28 Sat Aug 18, 2018 | WorldbyStorm

offsite link Sean O?Casey Festival ? September 2018, East Wall 10:32 Sat Aug 18, 2018 | WorldbyStorm

offsite link This Weekend I?ll Mostly Be Listening to? Gasper Nali 07:28 Sat Aug 18, 2018 | irishelectionliterature

offsite link Attitudes in the North to Brexit 12:17 Fri Aug 17, 2018 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

NAMA Wine Lake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

offsite link Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake

NAMA Wine Lake >>

Vatican Urges Transparency to Address Inequality and Prevent Financial Crisis

category international | economics and finance | press release author Friday May 18, 2018 01:38author by Lydia Andrews - Jubilee USA Networkauthor email coord at jubileeusa dot org Report this post to the editors

The Vatican released an official assessment on global economics entitled, "‘Oeconomicae et pecuniariae quaestiones" or "Considerations for an ethical discernment regarding some aspects of the present economic-financial system." The document calls for improvements in global finance policies on debt resolution, taxation, financial crisis prevention and transparency. 

The Vatican released an official assessment on global economics entitled, "‘Oeconomicae et pecuniariae quaestiones" or "Considerations for an ethical discernment regarding some aspects of the present economic-financial system." The document calls for improvements in global finance policies on debt resolution, taxation, financial crisis prevention and transparency. 

"The recent financial crisis might have provided the occasion to develop a new economy, more attentive to ethical principles, and a new regulation of financial activities that would neutralise predatory and speculative tendencies and acknowledge the value of the actual economy," reads the Vatican statement. "Although there have been many positive efforts at various levels which should be recognized and appreciated, there does not seem to be any inclination to rethink the obsolete criteria that continue to govern the world. On the contrary, the response seems at times like a return to the heights of myopic egoism, limited by an inadequate framework that, excluding the common good, also excludes from its horizons the concern to create and spread wealth, and to eliminate the inequality so pronounced today," continues the Vatican assessment.

"The Catholic Church offers a profound analysis of what we need to prevent the next financial crisis and promote greater inclusion in our economic system," noted Jubilee USA Executive Director Eric LeCompte. LeCompte advises religious and Catholic Church leaders on the impacts of financial policies on vulnerable populations. "Debt, tax and trade policies are at the center of this debate and the Vatican is noting we need greater transparency in our economy."

The Vatican takes on a number of financial issues in their 15-page release including tax havens, debt relief, interest rates and risky market behavior. The document was authored jointly by the Congregation for the Doctrine of the Faith and the Dicastery for Promoting Integral Human Development.

"This document is significant because it carries the full weight of Catholic teaching that asserts that a financial system must serve all human beings, not just the interests of a few," stated LeCompte who serves on United Nation finance expert groups. "The Vatican is seeking to influence policies that can address inequality."

© 2001-2018 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy