Competitive Social Market?

The bishops' conferences of Europe (COMECE) have produced a brief analysis of the present economic crisis under the title "A European Community of Solidarity and Responsibility". It is a statement on the EU Treaty objective of a competitive social market economy. Among other things, it states that "it is of primary and utmost importance in the present European crisis to reaffirm the cultural bases of the concept of the social market economy. For it is much more than an economic model. It is based on the philosophical and juridical bases of Greco-Roman antiquity and grounded in Biblical theology."