Mercoledì, 17 Ottobre 2018
VATICAN CITY

Narrow wealth gap as well as spread says pope

English
© ANSA

Vatican City, January 7 - European countries should
try to narrow not just financial spreads on bond yields but also
the widening gap in incomes and wealth as the economic crisis
drags on, Pope Benedict XVI told the Vatican diplomatic corps
Monday.
As efforts continue to make borrowing-cost spreads from the
German benchmark less of a burden on weaker economies like Italy
and Spain, he said, countries should strive to increase "social
wellbeing".
Governments must tackle "growing differences between the
few, ever richer, and the many, irredeemably poorer," Benedict
said.
Leaders must not resign themselves to "the social wellbeing
spread as they fight the financial one".
In the present phase of the economic crisis, "some countries
may perhaps go faster on their own but together they they will
certainly go farther".

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