Pope: New economic rules needed

Jan. 9, 2012 at 8:26 PM

VATICAN CITY, Jan. 9 (UPI) -- Pope Benedict XVI said Monday new economic rules are needed to help all nations, including developing countries, deal with a global economic crisis.

The pope said because the worldwide monetary crisis hits developing nations as hard as industrial countries, new economic guidelines are needed to promise every person the chance to live a dignified life, the Italian news agency, ANSA reported.

Dealing with, and ending, the crisis means more than just "stemming individual or national losses," Benedict said. More attention must be paid to the poorer countries, the pontiff said.

In a November visit to the formerly Marxist-Leninist dictatorship in West Africa now known as the Republic of Benin, the pope warned against the "unconditional surrender to the law of the market or that of finance," ANSA said.

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