Pope says lack of ethics wreaks `havoc’ on global economy

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VATICAN CITY — A lack of financial ethics has wreaked “havoc” on the global economy, Pope Benedict XVI writes in a new encyclical released Tuesday (July 7), and calls for a “true world political authority” to ensure international cooperation, peace and environmental protection. The encyclical on globalization, Caritas in Veritate (Charity in Truth), is Benedict’s […]

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