ROME, August 12, 2009-- The president of Etica Bank in Italy, Fabio Salviato, said this week that the new encyclical by Pope Benedict XVI, "Caritas in Veritate," is a guide for redefining the world economic system.
In an interview with Vatican Radio, the 51 year-old executive and author said the encyclical is a "guide that can enlighten us in this phase of individualization of a new economic and financial system."
He noted that the new encyclical calls for "a cultural change founded upon the centrality of the person."