Pope speaks out against greedy moneymen who sparked credit crisis


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


Ukraine deserves peace, Pope Francis says

VATICAN CITY (CNS) — On the day Pope Francis established as a day of prayer for peace in Ukraine, the pope appealed for an end to all war and


Pope Francis attacked cancel culture. It sounds better than ‘ideological colonization.’

VATICAN CITY: (RNS) In his annual address to diplomats accredited to the Holy See this month, Pope Francis “hit out at ‘cancel culture,


Pope: Consecrated life is the “gospel” for today’s world

Vatican City: (Vatican News) Pope Francis on Saturday met participants in the plenary assembly of the Vatican Congregation for Institutes of Consec

"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