Will Religion Help Solve Economic Woes?

[Andrew49]

Economists say Catholic ethics could benefit global economic policy.

Economists from Catholic institutions worldwide may differ in their approach to solutions for the economic crisis, but all agree a global strategy is required. The same economic scholars from U.S., Canadian and Australian Catholic universities also said while the Catholic Church may not be able to direct economic policy it can contribute most effectively by leading the charge in philanthropic endeavors that will ease the suffering of the most vulnerable caught up in the international crisis.

Catholic News Service

Indonesian President Susilo Bambang Yudhoyono has called on Islamic banks to take a leadership role in the global economy, amid the financial crisis.

He was speaking at the opening of the World Islamic Economic Forum in the Indonesian capital, Jakarta. Banks run in accordance with Muslims laws on interest payments and the sharing of credit risks are seen by many as fairer than traditional banks, less focused on profit and kinder to the communities they work in.

The BBC

[The OD]

One word for Christians attempting to get involved with the Global credit crisis - Usury.