We use our own and third party cookies to improve your user experience; by continuing to browse, we understand that you accept their use. You can get more information on our cookies policy.

Rome Reports

You are using an outdated browser

In order to deliver the greatest experience to our visitors we use cutting edge web development techniques that require a modern browser. To view this page please use Google Chrome, Mozilla Firefox or Internet Explorer 11 or greater

Pope: We need to foster an economy of honesty

Pope Francis got a warm welcome as he made his way to the Vatican's Paul VI Hall, where more than 7,000 people were waiting to hear him speak. They're all members of the Italian based co-op movement known as the Italian Cooperative Confraternity.  The Pope talked about the need for a just economy, adding that people become slaves when  they turn money into a god or idol.  Employers, he said, should not take advantage of the economic crisis, when they look to hire new employees.  POPE FRANCIS "We see this often. An employer will ask, do you want a job? Come on over. It's a 10 or 11 hour a day job for 600 euros. Do you agree? No? Well, go back home. Why does the world function like this?â?  The need for solidarity and cooperation is a must, he added. Especially in light of Italy's high unemployment rate.  Looking forward, he encouraged the crowd to look for new venues that promote innovation and ethical economics.  POPE FRANCIS "Methods, adjustments and tools to fight against the throw away culture. It's something we see today. It's a throw away culture that's cultivated by the powers that control the economic and financial policies of a globalized world.â? The Italian association, was first founded in 1919. It was suppressed by the Fascist Regime, but eventually it was re-established in 1945.  KLH  CTV V -BN Up: ATO