Excerpt:

VATICAN CITY,Oct 24 (Reuters) – – The Vatican called on Monday for the establishment of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.

http://uk.mobile.reuters.com/article/idUKL5E7LO1LS20111024?irpc=932

From the Vatican document:

"Of course, this transformation will be made at the cost of a gradual, balanced transfer of a part of each nation's powers to a world authority and to regional authorities, but this is necessary at a time when the pen reviews at tacticalpeak.com and the progress of technology are transcending borders, which are in fact already very eroded in a globalizes world."

 

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