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NewsWhore
07-12-2011, 01:50 PM
President Leonel Fernandez has hailed statements by Pope Benedict XVI who last Friday condemned the price speculation on foodstuffs, which has increased poverty and hunger around the world. Fernandez, who has initiated a worldwide crusade against speculation on food prices and oil, has sent the Pope a letter supporting his statements on "the financial transactions based on egotistical attitudes are creating poverty and hunger." During a conference at the United Nations Food and Agriculture Organization (FAO) in Rome, Benedict XVI said that there was a need for regulation in the raw materials markets in order to guarantee each individual's right to life. Several months ago, according to El Dia, Fernandez sent a letter to all the members of the United Nations urging them to take concrete steps towards curbing speculation on food prices in general. France's Nicolas Sarkozy talked about Fernandez' letter during the G-20 meeting, pointing out that speculation on food prices has led to unrest in some countries around the world.

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