Pope Benedict XVI has proposed a new world political authority "with real teeth", possibly in place of the United Nations, to enforce an ethical financial order and end the global financial crisis.
The proposals were in his long-awaited encyclical - the second-highest level of papal teaching - released in Rome, just before the G8 leaders gathered in Italy to discuss the global crisis.
His suggested political authority would manage globalisation, revive economies, stop the crisis deepening, protect the environment and regulate worldwide migration. It would need to be universally recognised and given power to ensure compliance from all countries.
The Pope said the Church did not have technical solutions, but he offered a large number of specific policy suggestions.
Source: The Sydney Morning Herald