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Economist: UN could create economic body with teeth, as pope suggested

08-07-2009

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VATICAN CITY (CNS) -- Pope Benedict XVI's call for an international authority with "real teeth" to guide the global economy could be realized with the creation of a U.N. "socio-economic security council" to stand alongside the current Security Council dedicated to peacekeeping, said an economist who advises the Vatican.

Stefano Zamagni, a professor of economic policies at the University of Bologna, Italy, and a consultant to the Pontifical Council for Justice and Peace, spoke July 7 at the Vatican press conference held to present Pope Benedict's encyclical, "Caritas in Veritate" ("Charity in Truth").

Pope Benedict wrote that the current financial crisis demonstrated just how little control national governments have over the process of globalization and the interdependence of the world's economy.

The pope called for the reform of the United Nations, as well as of international bodies involved in economics and finance. The reform, he said, should help ensure that the world's poorer countries have a voice in economic decisions impacting everyone.

The reform should aim to revive ailing economies, protect the environment, provide food security and promote peace more effectively, he said.

http://www.catholicnews.com/data/briefs/cns/20090707.htm