News from Britain and Ireland

Finance chief quotes Pope in speech addressing inequality

29 May 2014 | by Abigail Frymann Rouch | Comments: 0

THE PRESIDENT of the International Monetary Fund cited Pope Francis this week when she criticised the growing gap between the rich and the poor.Christine Lagarde quoted the Pope’s phrase that inequality is the “root of social evil” in a speech in London at a conference on “Inclusive Capitalism”. “The principles of solidarity and reciprocity that bind societies together are more likely to erode in excessively unequal societies,” she said on Tuesday, using terms often found in Catholic Social Teaching. “History also teaches us that democracy begins to fray at the edges once political battles separate the haves against the have-nots.”Ms Lagarde, who has a doctorate from Belgium’s Catholic University at Leuven, cited research from Ox ....... ....... ........ ........ ........ ........ ........ ........ ........ ........ ........

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