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May 30, 2012 | Experts are still debating whether the worst of the global financial and economic crisis is over; the combination of modest growth and continued high unemployment and political tension presents a mixed picture. Despite this uncertainty, there is broad agreement that the national and international institutions that enabled the crisis in the first place are in need of reform.
Speaking at the Berkley Center, Cardinal Reinhard Marx of Munich, an expert on Catholic Social Teaching, examined its relevance to the current international predicament and discussed economic crisis as an opportunity for far-reaching change. Only an economic system centered on the human person, he argued, can generate societies that are both prosperous and just in the long run.