Ettore Gotti Tedeschi, president of the Institute for the Works of Religion (aka the Vatican Bank), said that the cause of the current world economic crisis is not bankers.
"The true cause of the crisis is the decline in the birth rate,” he said in an interview on Vatican Television's "Octava Dies."
For a time the lack of economic growth was compensated for by the use of financial instruments such as an expansion of available credit. This technique of applying stop-gap solutions eventually resulted in the economic crisis we are facing today.
Now, Gotti Tedeschi said, "the only way to rebuild economic-financial balance is austerity."
Indeed: the solution is to eliminate debt and have children.