Pope Benedict XVI’s Address to the Participants of the Council of Europe Development
Bank
(June 12, 2010) Greeting the participants of the 45th joint meeting of the Development Bank of the Council of Europe in Rome on Saturday, 12th of June, Pope Benedict XVI said that the bank is involved since its inception in 1956 in resolving the problems relating to refugees, and has expanded its expertise to the entire field of social cohesion. Having its head quarters in Paris, the Council of Europe Development Bank has the social objective to be an instrument to promote its own policy of solidarity. The Holy See, said the Holy Father, positively looks forward to such a structure that supports loans for social and development projects and extends its support. The Pope then expressed the hope that the interventions of the Bank in favour of countries of Eastern Central and South-East Europe will permit to correct imbalances, based on justice and Solidarity which is essential for the future of Europe. Particularly during these times of financial crises the Development Bank must show its originality in strengthening social integration, environmental management and development of public social infrastructure, he added. Further as expressed in the Encyclical Caritas in Veritate said the Holy Father, the Social Doctrine of the Church has its positive contribution to the construction of the person and human society. The relationship between love and the truth is, if well lived, a dynamic force that regenerates all interpersonal relationships and offering a real novelty in the reorientation of life Economic and Financial renews it in the service of man and his dignity for which they exist. In this context, the Development Bank is a financial institution certainly an economic tool, and is capable of meeting requirements that exceed the financial and economic structures, he added. Pope Benedict XVI said that Europe has a rich past that has seen the development of experience-based economic fraternity. He hoped that the Development Bank of the Council of Europe would really live the motto of solidarity, responding to the goal of brotherhood and explores areas where fraternity based on Christian ideals.
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