Pope speaks out against greedy moneymen who sparked credit crisis

Image

Rome: December 11, 2008. The pontiff launched a fierce attack on the financial institutions responsible for the economic downturn, and said their actions were directly linked to world poverty and starvation.

In message for World Peace Day on January 1, the Pope said finance which focused on short term profit was 'a threat to all.' He said the current food crisis had not been created by a lack of food but 'the phenomenon of speculation and the inability of economic and political institutions to deal with needs and emergencies'. "The unbridled pursuit of wealth for wealth's sake creates a risk that in the world the rich will live in an ivory tower surrounded by a desert of poverty and degradation," he wrote. "Financial activity is only focused on itself without any consideration of the long term, the common good." The Pope said globalisation gave countries the opportunity to work together in beating world poverty and he urged world leaders to spend less on military weapons and more on development. He ended the message with an appeal to everyone to "open their hearts to the needs of the poor and do whatever is concretely possible to come to their aid. Combating poverty means building peace". Pope Benedict's message for World Peace Day is called "Combating Poverty, Building Peace."

You May Also Like

Image

The Islamabad Surrender. By Gregg Roman

For thirty years the Middle East Forum has argued one unfashionable proposition: that civilizational threats are not managed, they a

Image

Pope Leo hitches ride to Rome on Spanish king's plane

Vatican City: (National Catholic Reporter) The last-minute twist, caused by an engine failure on the Iberia Airlines plane scheduled to take t

Image

Pope Leo XIV Jokes in Spain That AI Still Thinks Pope Francis Is in Charge

Victoria Cardiel: (CNR) Pope Leo XIV’s lunch with Spain’s bishops at the apostolic nunciature in Madrid offered a glimpse of the p



"Trial of Pakistani Christian Nation" By Nazir S Bhatti

On demand of our readers, I have decided to release E-Book version of "Trial of Pakistani Christian Nation" on website of PCP which can also be viewed on website of Pakistan Christian Congress www.pakistanchristiancongress.org . You can read chapter wise by clicking tab on left handside of PDF format of E-Book.

nazirbhattipcc@aol.com , pakistanchristianpost@yahoo.com