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Vatican Bank President Calls for Reindustrialization of US, Europe
Catholic Culture ^ | 2/27/12

Posted on 02/27/2012 10:09:05 AM PST by marshmallow

Amid austerity measures following a recession marked by the indebtedness of “families, businesses, financial institutions, and states,” the president of the Vatican Bank foresees an end to the “delocalization” of industrial production.

“Europe and the United States, after years of productive delocalization must now be reindustrialized in order to sustain internal employment and to rediscover new competition,” writes Ettore Gotti Tedeschi.

Editorial: The strategy of solidarity (L'Osservatore Romano)

(Excerpt) Read more at catholicculture.org ...


TOPICS: General Discusssion
KEYWORDS:

1 posted on 02/27/2012 10:09:09 AM PST by marshmallow
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To: marshmallow

Where is Europe, whose population is disappearing, going to find the bodies, the willing bodies, for massive “reindustrialization”.

Besides, I think the German’s in particular would dispute the notion that THEY have “deindustrialized”. If places like Greece want to “reindustrialize” they can change laws, taxes, regulations and labor rates that will tell capital investors they are again a good place to invest. For some time, those conditions in Greece have been signaling to too many Greeks themselves that they ought to invest elsewhere. Theological institutions should stick to theology.


2 posted on 02/27/2012 10:25:30 AM PST by Wuli
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To: marshmallow
“The global world cannot sustain further delocalization.”

"Global world"? Who knew?

This article states a noble, yet inarticulate, ideal. Yes. US and Europe should start making things again. But can the goal be taken seriously without addressing the problem of the high union wages and benefits which drove the industries overseas in the first place?

Does anybody really think "ah, we need more industry over here; oh waiter! I'll have an order of industry and a side of mining", is all that is needed here?

3 posted on 02/27/2012 10:46:44 AM PST by Migraine (Diversity is great; until it happens to YOU.)
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To: Wuli

there is massive unemployment in the EU — 10 to 20% with most young being unemployed. This is where there is place for young in industry. Also note that many industries that were once labor intensive are no longer so — automation has taken away more jobs than China...


4 posted on 02/28/2012 7:22:58 PM PST by Cronos (Party like it's 12 20, 2012)
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To: Wuli

Secondly, i doubt Greece ever industrialized at all. It missed that revolution being under the Ottoman yoke.


5 posted on 02/28/2012 7:23:50 PM PST by Cronos (Party like it's 12 20, 2012)
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To: Wuli

Finally, this is not the Vatican speaking, not any official religious announcement, but the bank of the city-state of the Vatican. It’s just like Bernanke or the Deutsche Bank President speaking — as the financial lead banker of a state


6 posted on 02/28/2012 7:26:07 PM PST by Cronos (Party like it's 12 20, 2012)
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To: Cronos

If it’s not really the Vatican, then the Vatican should get out of the pretense of secular power and sell the bank in an IPO, or since that it would be a lie, it should admit it seeks secular power itself and admit that the statements of IT’S bank are as much a part of its religious mission as any other statements that come from any other VATICAN entity.

Can anyone imagine anyone in this forum reading about a statement from the “Mormon Bank” and believing any suggesttion that it has nothing to do with the Morman church??? Not on your life.


7 posted on 02/29/2012 10:05:11 AM PST by Wuli
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To: Cronos

“It missed that revolution being under the Ottoman yoke.”

you seem to be far behind on your history


8 posted on 02/29/2012 10:07:00 AM PST by Wuli
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To: marshmallow

Once, a long time ago it is told, that a bunch of mice got together and decided to hang a bell around the cats neck...


9 posted on 02/29/2012 10:12:17 AM PST by Jack of all Trades (Hold your face to the light, even though for the moment you do not see.)
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To: Wuli
do you understand the concept of a nation? And a national bank? If the state of the Vatican city has a bank and that bank's president makes a statement, it is no different than Ben Bernanke making one.

This was a statement by the president of a national bank, not by the religious authorities in the Vatican

10 posted on 03/04/2012 1:53:49 AM PST by Cronos (Party like it's 12 20, 2012)
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To: Wuli

Not really, you need to read some history, or indeed, something else beside the penny shocker papers.


11 posted on 03/04/2012 1:54:25 AM PST by Cronos (Party like it's 12 20, 2012)
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To: Wuli

Things I’ve learned on FR: Catholic bishops and Vatican officials are poorly catechized and don’t speak for the Catholic Church, which has “no controlling central authority”!


12 posted on 03/04/2012 4:40:44 AM PST by jjotto ("Ya could look it up!")
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To: jjotto

which has “no controlling central authority”!

You read too much fiction.


13 posted on 03/04/2012 10:44:51 AM PST by Wuli
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To: Cronos

A Church that creates a state for itself is either not a Church or the state is not state but an arm of the Church.


14 posted on 03/04/2012 10:47:10 AM PST by Wuli
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To: Wuli

Do read something before embarassing yourself. The state was created out of the unification of Italy and even the earlier version was an attempt at stability while the Lombards, etc. were invading..


15 posted on 03/04/2012 11:06:20 PM PST by Cronos (Party like it's 12 20, 2012)
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To: jjotto
Your statement reflect opinion and opinion about individual bishops etc. -- just as I'm sure you may have the same opinion about individual rabbis.

This statement was by a State federal president, not a religious pronouncement --> if Ben Bernanke makes a statement, it is not a teaching on the constitution.....

16 posted on 03/05/2012 12:16:06 AM PST by Cronos (Party like it's 12 20, 2012)
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To: jjotto

or, if the President of the Bank of Israel makes some statement, it is not some religious proclamation of Judaism..


17 posted on 03/05/2012 12:17:04 AM PST by Cronos (Party like it's 12 20, 2012)
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To: Cronos

So it is your contention that the Vatican is a secular state?


18 posted on 03/05/2012 10:25:33 AM PST by jjotto ("Ya could look it up!")
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To: Cronos

“The state was created out of the unification of Italy”

And why?

“and even the earlier version was an attempt at stability while the Lombards”

stability? secular or religious?


19 posted on 03/05/2012 2:22:50 PM PST by Wuli
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To: Wuli

Stability secular — go and read something before shooting incorrect opinions


20 posted on 03/06/2012 7:46:42 PM PST by Cronos (Party like it's 12 20, 2012)
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To: jjotto

The fact is that the Vatican is the seat of the Church is not related to the fact that the city-state of the Vatican is a nation state, just as Monaco is, just as Israel is. So, just as if the head of the national bank of Israel makes a pronouncement, it is not a commentary on Judaic religion, neither is, as in this case, a statement by the BANK president of the national bank of the Vatican city state a commentary of any religiou nature.


21 posted on 03/06/2012 7:48:58 PM PST by Cronos (Party like it's 12 20, 2012)
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