Cardinal Rodriguez Maradiaga addresses the Caritas Asia General Assembly and Forum, 26-30 June 2012 in Taipei, Taiwan.

Caritas Internationalis President Cardinal Oscar Rodriguez Maradiaga has told colleagues meeting this week in Taiwan for the Caritas Asia General Assembly that the current global economic crisis driven by the difficulties in the euro zone pose a real threat to the lives and livelihoods of the poor.

He said that, “The current crisis exposes systemic failures generated by careless speculation for the benefit of a handful of people and at the expense of millions of poor families.”

But Cardinal Rodriguez said that with exposure of casino capitalisim, the world has a unique chance to “refashion globalisation to work for the majority.”

Read the full speech:Caritas Asia Speech June