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Pope Francis Talks Global Economy, Unemployment And The Role Of War Reuters

The economy is a concern of most citizens of the world, and Pope Francis is one of them. In a recent interview, the Argentine pope shared his fears of the global economy, warning that changes need to be made in order for the economy to be sustained.

“We are excluding an entire generation to sustain a system that is not good,” said the 77-year-old pope to La Vanguardia’s Vatican reporter, Henrique Cymerman. “Our global economic system can’t take any more.”

One issue, in particular, that the pontiff focused on was unemployment. And rightfully so! A report by the International Labor Organization found that youth unemployment was at 13.1 percent last year with 75 million without an income.

"The rate of unemployment is very worrisome to me, which in some countries is over 50 percent," he said. "Someone told me that 75 million young Europeans under 25 years of age are unemployed. That is an atrocity."

An advocate for peace, Pope Francis also brought up the economic effects of war. According to the pope, "we discard a whole generation to maintain an economic system that no longer endures, a system that to survive has to make war, as the big empires have always done."

"But since we cannot wage the Third World War, we make regional wars," he added. "And what does that mean? That we make and sell arms. And with that the balance sheets of the idolatrous economies -- the big world economies that sacrifice man at the feet of the idol of money -- are obviously cleaned up."

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