Better late than never

Bishop Adrianus Van Luyn, President of COMECE, called for the scale of the crisis not to be underestimated: “Whoever considers the cause of the financial crisis to reside solely in a lack of transparency and legal accountability is perhaps overlooking the fact that it is far more our societal model that is being called into question. An economic model that is based on the continued and unlimited consumption of limited resources can only end in tears.” He believes that the deeper cause of the financial crisis lies in “a misguided set of values”.

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Comece is the commission of the Roman catholic bishops' conferences of the European Community.

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