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Bagnasco laments ongoing economic crisis

Bagnasco laments ongoing economic crisis

Many families ?still beset by difficulties?, cardinal says

Rome, 26 February 2015, 13:14

ANSA Editorial

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Italy is "an anxious country" where economic woes make it difficult for citizens to build for their future, the President of the Italian Episcopal Conference (CEI) Cardinal Angelo Bagnasco said Thursday.
    "We see first-hand and on a daily basis how large numbers of families continue to be beset by difficulties" and "struggle to make ends meet", said Bagnasco during the presentation of the CEI's social microcredit project Loans of Hope.
    "Our youth and those who are not so young know the bitter experience of feeling useless and destabilised because they are without employment and sure prospects," the cardinal continued.
    "Many of our businesses, whose vitality is decisive for restoring competitivity to the country, are worn down on various fronts, when they are not forced to surrender," Bagnasco said. "The economic crisis continues even if on a European level there are signs that are considered positive and promising.
    "The news of the approval by the European Commission of the stability law is an encouraging signal and at the same time an admonishment to enact reform," he concluded. Since its launch in 2009 Loans of Hope has provided microcredit to 4,500 needy families to a total of 26 million euros. Families in the southern regions of Campania and Puglia and in northern Lombardy have been the biggest recipients of support.
   

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