Pope encourages work of cooperatives
September 14, 2015
Pope Francis met with directors and employees of an Italian credit union on September 12 and encouraged it and other cooperatives “to continue to be the motor that develops the weakest part of the local community and of civil society.”
In his audience with the Banca di Credito Cooperativo of Rome, which is commemorating its 60th anniversary, Pope Francis recalled the points he emphasized in his February address to Representatives of the Confederation of Cooperatives. He also highlighted the importance of subsidiarity in Catholic social teaching.
“This is subsidiarity: not to weigh down the institutions, and therefore the state, when one can confront problems with one’s own efforts, with responsibility,” he said to participants in the audience, which took place in the Paul VI Audience Hall.
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Further information:
- Udienza ai Dirigenti e ai Dipendenti della Banca di Credito Cooperativo di Roma (Holy See Press Office)
- Audience with the Credito Cooperativo di Roma Bank 2015.09.12 (Vatican YouTube)
- Pope Francis: Keep people at the centre of the economy (Vatican Radio)
- Pope Francis: Promote the Economy of Honesty (2/28/15)
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