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Two years ago SIIAEC had the last meeting in Tirana, Albania,  on: “Social security in the view of Economic crises, demographic change and Ethical principles”. Since then the situation has changed deeply. The Pope Francis has published the Apostolic Exhortation “Evangelii gaudium” (EG) in today’s world with very deep proclamations of the gospel. One of the very strong statements is (EG 53): “Such an economy kills. How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?” And at the end of this paragraph after the pope has mentioned the problem of exclusion and inequality he continued: “Today everything comes under the laws of competition and the survival of the fittest, where the powerful feed upon the powerless. As a consequence, masses of people find themselves excluded and marginalized: without work, without possibilities, without any means of escape.”

     I think it is time to respond to the calls of the Papal Encyclicals, namely  CARITAS IN VERITATE, EVANGELII GAUDIUM, LAUDATO SI on the issue of inequality. This has been a root of the many global economic problems, ending in poverty for billions of people in the world. I would like to stress on two economic sectors, which are intertwined: Real Estate and Banking.


These days, to analyse social and economic realities from the prism of the periphery, seems like a challenge. It appears that with the emergence of the biggest economies of the “third world” in the world stage the vision that places the periphery in that world, or the “fourth” one, has lost some of its purpose. The recent crisis of wealthy countries adds arguments to question traditional ways, at least in Latin America, of focusing on structures and international relations. Data on the very extensive growth, even in Africa, of the most elemental indexes of human development also seems to call for a non conventional analysis of the “centre - periphery” approach with a dynamic and complex reality unknown a few decades earlier.[1] Today even more than before, to the more classical economic dimensions one would have to add other equal or more important ones in the daily lives of the poor such as solitude, vulnerability, the inattention of their demands, the poor quality of public services, lack of public safety and many others which will not be addressed here. 

A deep crisis

The so-called "developed" world, particularly Europe, badly supports financial crises that extend into recession. There is disagreement on ways to regain growth: labour flexibility that implies the loss of social benefits, public debt reduction with reduced investments and consequently loss of jobs, restructuration of the pensions and social security funds with its consequences of weakening of the life of the most vulnerable segments of society. The crisis hurts.

Excess is a common feature of the negative part of today's society (ecological destruction, accumulation of wealth). It is the result of social desease, individual (eg, toxicomania) and collective (eg, euphoria or panic in the market places).

What can be done to overcome a crisis?
Tomáš Baťa (the founder of the today biggest manufacturer of shoes worldwide) said in the 30s of the last century that a crisis is nothing than moral misery.
Is this still valid today? What do you think?


15th June 2012, Novi Sad, Serbia

Eurodiaconia, a community of Christian organisations and diaconal actors committed to a Europe of solidarity, equality and justice, has issued this declaration on the occasion of its Annual General Meeting, to call for policies and actions that enable inclusion, care and empowerment of the vulnerable and excluded in society while ensuring dignity for all.

We believe it is time for all of us to question and re-evaluate our values and objectives as a society in order to define responses that ensure people’s well-being remains the first priority.

SIIAEC Email network:    Considerations about debts.

1) Human beings or states may have debts by many reasons:

+ By taking a credit, to carry out a project, which cannot be covered by the available resources.  

+ Without big projects there can arise considerable debts as well, when a household (private or public) regularly spends more than its income can cover.

+ Bankhouses live by offering credits. In order to raise turnover and profit, they try to attract  clients, sometimes clients with weak financial standing. These credits cause debts by  external reasons, like the recent immobility credits in theUnited States.

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