Pope Francis Warns The Global Economy Is Near Collapse

The global economic system is near collapse, according to Pope Francis.

An economy built on money-worship and war and scarred by yawning inequality and youth unemployment cannot survive, the 77-year-old Roman Catholic leader suggested in a newly published interview.

“We are excluding an entire generation to sustain a system that is not good,”

The pontiff said he was especially concerned about youth unemployment, which hit 13.1 percent last year, according to a report by the International Labor Organization.

“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.”

That 75 million is actually the total for the whole world, according to the ILO, but that is still too much youth unemployment …. http://www.huffingtonpost.com