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Model for policymakers seen in encyclical's focus on truth, justice
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UNITED NATIONS (CNS) -- Pope Benedict XVI's encyclical "Caritas in Veritate," while not intended to be a treatise on economics, offers a framework for solving the current financial crisis, according to panelists at a March 10 U.N. event. The encyclical's focus on truth, trust and social justice is a model for policymakers to consider, they said. Their presentations addressed globalization in the context of the encyclical. The event was sponsored by the Vatican's U.N. mission and the Path to Peace Foundation and coincided with the 54th session of the U.N. Commission on the Status of Women. "With this document," said Archbishop Celestino Migliore, papal nuncio to the United Nations, "Pope Benedict writes to us not as a politician, or an expert in finance and economy, but as a man of faith trying to read the signs of the times in light of God's wisdom; not to give out recipes and solutions, but to shed light on different human situations and help people make sense of and find hope and the necessary resilience to confront new situations and events." Joseph E. Stiglitz said the crisis is taking a toll on people all over the world, but it "has a 'Made in USA' label on it." "We exported the deregulatory philosophy that created the crisis and allowed it to move quickly around the world," he said, "but we also exported our toxic mortgages," which were purchased largely by Europeans.
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