Vatican denounces errors behind the economic crisis

A topic I'm sure people aren't all too eager to revisit during the weekend, but bear the Pope out:

Referring to his forthcoming social Encyclical, the Pope then presented a synthetic overview of the crisis, analysing it at two levels. First he considered the macroeconomic aspects, highlighting the shortcomings of a system founded on selfishness and the idolatry of money, which cast a shadow over man's reason and will and lead him into the ways of error. Here the Church is called to make her voice heard - nationally and internationally - in order to help bring about a change of direction and show the path of true reason illuminated by faith, which is the path of self-sacrifice and concern for the needy.

The second aspect of the Holy Father's analysis concerned the sphere of microeconomics. Large-scale projects for reform, he said, cannot come about unless individuals alter their ways. If there are no just people, then there can be no justice. Hence he invited people to intensify their humble, everyday efforts for the conversion of hearts, an undertaking that above all involves parishes whose activity is not just limited to the local community but opens up to all humanity. (VIS)

Notice that this general topic apparently will find a place in the Pope's upcoming social encyclical, which I've blogged about before. I'm blogging on the fly right now so don't have a way of tracking down the latest projections for when this encyclical might be published. What have you heard?