"The time has come to deploy a worldwide governance to bring more justice, transparency and accountability into the worldwide financial markets". This was asked by the bishops of the "Social Affairs" Commission of Comece, the Commission of the EU Bishops Conferences, at the end of their meeting that took place in Paris on October 8th and 9th about "The future of welfare and social policies in Europe". The meeting discussed the crisis of the financial markets and its consequences on the social policies in Europe. As to this, the president of the Commission, the archbishop of Munich Reinhard Marx, gave a statement in which he insists that it is urgent to "deploy a global governance "to bring more justice, transparency and accountability into the worldwide financial markets, as the Church has been proposing for some time". In addition, it is important "that our governments and the European institutions, from now on, begin to worry about those citizens who through no fault of theirs will have to shoulder the social consequences of the financial crisis. It is precisely at this time concludes Marx that the European social model must work to prevent the financial crisis turning into a political and social crisis as well".” ” ” ” ” “
