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World News

Financial crisis calls for new economic model, solidarity, pope says

Published: January 2, 2009

VATICAN CITY (CNS) -- The current financial crisis should be seen as a challenge to find new economic models that promote honesty, development and concern for the environment, Pope Benedict XVI said. "We need to try to establish a 'virtuous circle'" of living simply and fighting poverty, the pope said Jan. 1 as he celebrated Mass for the feast of Mary Mother of God and World Peace Day. During the Mass in St. Peter's Basilica and reciting the Angelus afterward with people gathered in St. Peter's Square, Pope Benedict focused on the 2009 World Peace Day theme, "Fighting Poverty to Build Peace." But he also called for an end to the "massive violence" in the Gaza Strip and offered special prayers for "the small, but fervent parish in Gaza." The pope said, "We place at the feet of Mary our concerns for the present and our fears for the future, but also our well-founded hope that with the wise and farsighted contributions of everyone it will not be impossible to listen to one another, meet together and give a concrete response to the widespread aspiration to live in peace, security and dignity."


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