There is no Catholic consensus, not even a Christian one: after a long debate the framers of the Eurozone decided not to mention the Christian roots of Europe, not even to acknowledge its historical influence.

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Micklethwait also believes Bakan has under-estimated the historical significance of companies and over-stated the influence of their modern successors.

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Conservatives, however - and generally it is they who have held sway in this debate so far - argue the Church will retain its influence and identity only if it sticks closely to its historical traditions.

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