"[The Pope asked whether] "freedom from totalitarian ideologies has not been used solely for economic progress, at the expense of a more human development". In this context he encouraged the bank, in its interventions in support of Eastern European countries, "to correct any imbalances and favour a process based on justice and solidarity, which are essential for the present and future of Europe".
..."Economy and finance are not ends unto themselves... They are a tool, a means. Their exclusive goal is the human being and the complete realisation of his dignity. ... Christianity has enabled Europe to understand that it is freedom, responsibility and ethics that impregnate its laws and corporative institutions. Marginalising Christianity - also by excluding its symbols - would deprive our continent of a fundamental resource which nourishes it and contributes to its true identity. Christianity is, in fact, the source of 'the spiritual and moral values which are peoples' shared heritage', values to which the members of the Council of Europe expressed their firm commitment in the Preamble to the Statue of the Council of Europe".
[The Bank is] "a technical instrument which facilitates solidarity, a solidarity which must be experienced in fraternity. ... Fraternity creates spaces for gratuitous action which, though indispensable, are difficult to envisage when efficiency and profit are the only criteria", he said.
... "Europe has a rich past which has seen the development of a number of economic situations rooted in fraternity. I believe that the Council of Europe Development Bank wishes, in order to experience true solidarity, to respond to this ideal of brotherhood I have just mentioned and to explore areas in which fraternity and the logic of giving can be put into practice. These ideals have Christian roots and they, along with the desire for peace, made it possible for the Council of Europe to be come into being".
Fraternity creates spaces for gratuitous action which, though indispensable, are difficult to envisage when efficiency and profit are the only criteria
Bento XVI 12/06/2010: