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Pope seeks major changes to financial system

Thu Jan 1, 2009 6:49 AM EST
world-news, eu, vatican, pope-benedict-xvi, new-year
Nicole Winfield, Associated Press

Pope Benedict XVI visits the nativity scene after celebrating a New Year's Eve vespers service, at St. Peter's Basilica at the Vatican, Wednesday, Dec. 31, 2008. Pope Benedict XVI is calling for "sobriety and solidarity" in 2009 as the world struggles with economic and social woes. His appeal was made amid the splendor of St. Peter's Basilica during a New Year's Eve vespers service on Wednesday. Benedict described these times as being "marked by uncertainty and worry for the future." (AP Photo/Andrew Medichini)

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— Pope Benedict XVI challenged world leaders on Thursday to make major changes to the global financial system, saying short-term answers to the financial crisis weren't sufficient.

"It's not enough, as Jesus said, to put patches on an old suit," Benedict said in his New Year's Day blessing to thousands of people huddled under umbrellas in a rain-soaked St. Peter's Square.

Echoing a similar theme in his New Year's Day homily, Benedict said the crisis should be seen as a test-case about the future of globalization.

"Are we ready to read it in its complexity as a way for the future and not just an emergency to respond to with short-term answers?" he asked. "Are we ready to make a profound revision in the dominant development model, to correct it in a farsighted and concerted way?"

He said the health of the planet required such a correction, as well as what he called the "cultural and moral crisis" in which the world finds itself.

Benedict has spoken out frequently about the financial crisis, and he used the Roman Catholic Church's World Day of Peace, celebrated every Jan. 1, to emphasize his belief that the meltdown showed the need for greater solidarity with the poor.

"Seen in its profundity, the crisis should be seen as a serious symptom that requires intervention at its root," the pontiff said.

During his homily, Benedict also said he was praying for an end to the violence in Gaza and said he hoped the international community would come forward with concrete proposals so the Israelis and Palestinians could live in peace, security and dignity.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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  • Regions: Vatican City
  • Public Discussion (5)
Beauty

"It's not enough, as Jesus said, to put patches on an old suit,"

Fine, the Pope should give away to the poor 100% Vatican assets which will be a first move that others can copy.

    Reply#1 - Thu Jan 1, 2009 8:08 AM EST
    caroaber

    He can't possibly give away 100% of something that isn't even his.

    What's your point, exactly?

      #1.1 - Thu Jan 1, 2009 12:39 PM EST
      Beauty

      "Today, a particularly insidious obstacle to the task of educating is the massive presence in our society and culture of that relativism which, recognizing nothing as definitive, leaves as the ultimate criterion only the self with its desires. And under the semblance of freedom it becomes a prison for each one, for it separates people from one another, locking each person into his or her own "ego"." Pope Benedict XVI, in a speech given last June

      The Pope just like everyone else desires change in the most efficient financial system and I agree that the cash crisis should be seen as a test-case about the future of globalization but how? What would be the biggest statement of spiritual change than the Church just giving it all away?

      • 2 votes
      #1.2 - Fri Jan 2, 2009 3:28 AM EST
      Reply
      gladbutterfly

      Pope Benedict is right that we need to consider seriously how to amend the world financial system. The world economy depends upon continued and continuous growth, a system that is not sustainable. That is the problem we all have confronting us.

      • 1 vote
      Reply#2 - Thu Jan 1, 2009 6:46 PM EST
      GSunde

      That is not the full problem thouhg, due to the differences between the populations, the world leaders cannot come to a common solution. The financial crysis while bad, has not reached the point where there is enough need for change to oughtweigh the differences between countries and peoples. The people and leaders of the world need to come together  and be willing to make some sacrifiecs for the greater good of the world before they will be able to achieve a long term solution.

      • 2 votes
      Reply#3 - Thu Jan 1, 2009 7:49 PM EST
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