Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Pope Says Global System Can’t Take Any More, Vanguardia Reports

June 13 (Bloomberg) -- Pope Francis said the global economic system is at risk of breaking down because of inequality and rising youth unemployment, in an interview with Barcelona-based newspaper La Vanguardia.

“We’re excluding an entire generation to sustain a system that is not good,” La Vanguardia cited the Pope as saying. “Our global economic system can’t take any more.”

The pope said the difficulty with the global economy is that it puts “the god of money” at the center, rather than men and women, the newspaper reported. He said that globalization works when it brings together different ways of thinking, rather than eliminating them, La Vanguardia added.

Pope Francis mentioned independence movements in Scotland and northern Italy as well as Catalonia, where La Vanguardia is based, drawing a distinction with the breakup of the former Yugoslavia, where he said the cultures were so different there was no way the country could remain together.

“There will be some cases that are just and some that are unjust, but the secession of a nation that hasn’t been previously forced together is something that must be handled with kid gloves and analyzed from all perspectives,” Francis said, according to the newspaper. “All division concerns me.”

To contact the reporter on this story: Ben Sills in Madrid at bsills@bloomberg.net

To contact the editors responsible for this story: Alan Crawford at acrawford6@bloomberg.net Eddie Buckle, Kevin Costelloe

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.