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Holy See Calls for Reform of Global Finance

The Church does not wish to enter into the technical issues behind the current economic crisis, but remains within the ambit of her religious and ethical functions. Thus she highlights not just the moral causes of the crisis but, more specifically, the ideological causes. Old ideologies have been replaced by new ones, "neo-liberalist, neo-utilitarian, and technocratic which, by reducing the common good to economic, financial and technical questions, place the future of democratic institutions themselves at risk".