Thursday, December 11, 2008

Pope condemns quest for quick profit

World leaders told that 'conscience of humanity' can't ignore wealth gap

Associated Press
updated 1 hour, 35 minutes ago

VATICAN CITY - Pope Benedict XVI said Thursday the global financial crisis is a result of the quest for short-term gains at the expense of the common good and said the widening gap between rich and poor is a threat to world peace.

In an annual peace message directed at world leaders, Benedict said the "conscience of humanity" can no longer ignore the economic differences that have become more marked even in the most advanced countries.

Benedict has spoken out frequently on the world financial crisis — and made it a major point in the message written for the Roman Catholic Church's World Day of Peace on Jan. 1.

He said that international finance should sustain long-term investments and development but that the recent crisis "demonstrates how financial activity can be completely turned in on itself, lacking any long-term consideration of the common good."


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