Vatican banker: Economic crisis likely to keep getting worse.

A devout Catholic and father of five who used to be a director of Santander bank, Gotti Tedeschi has consistently said the underlying causes of the current economic crisis, particularly in Europe, is a decline in the birth rate.

The Western world’s population growth rate (zero percent, or two children per couple) has led to a profound change in the structure of society, with less productivity and an aging population, leading to the inability of governments to reduce taxes, he said.

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