Armando Manocchia: Your Excellency, [Here in Italy] we are now in economic and financial bankruptcy, where the public debt is now over 2.7 billion euros. In my opinion the problem is the moral and ethical bankruptcy not only of the ruling class but also of a significant part of the population. What can we do to reconstruct a social fabric that includes an ethical and moral sense?
Archbishop Viganò: Bankruptcy is the inevitable result of multiple factors. The first is the transfer of the monetary sovereignty of individual nations to a supranational body such as the European Union. The European Central Bank is a private bank, lending money at interest rates to member states, forcing them into perpetual indebtedness. I recall, en passant, that the European Central Bank is officially owned by the Central Banks of the nations that are part of it; therefore, since the Central Banks are controlled by private companies, the ECB itself is essentially a private company, and acts as such. …
