SUMMARY:
- Current Crisis Calls for World Financial Reorganisation
- Audiences
- Other Pontifical Acts
- Notice
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CURRENT CRISIS CALLS FOR WORLD FINANCIAL REORGANISATION
VATICAN CITY, 18 MAR 2010 (VIS) - At midday today in the Vatican's Clementine Hall the Holy Father received members of the Union of Industrialists and Businesses of Rome.
Opening his remarks to them with a reference to the current economic crisis, the Pope noted how it has "sorely tried the economic and productive systems of various countries. Nonetheless, it should be faced with trust because it can be considered as an opportunity for the revision of development models and the reorganisation of global finance, a 'new time' - as it has been described - of profound reflection".
Benedict XVI then went on to recall how in his own social Encyclical "Caritas in veritate" he had encouraged the world of "economics and finance to focus on the person, whom Christ revealed in his profoundest dignity. Moreover, while recommending that politics not be subordinate to financial mechanisms, I encouraged the reform and creation of an international juridical and political order (adapted to global structures of economy and finance) in order more effectively to achieve the common good of the human family. Following in the footsteps of my predecessors, I underlined that the increase in unemployment, especially among young people, the economic impoverishment of many workers and the emergence of new forms of slavery require that access to dignified work for everyone be a priority objective".
"No-one is unaware of the sacrifices that have to be made in order to open a business, or keep it on the market, as a 'community of persons' which produces goods and services and which, hence, does not have the exclusive aim of making a profit, though it is necessary to do so", said the Pope. In this context he also highlighted the importance of "defeating the individualist and materialist mentality which holds that investments must be detracted from the real economy in order to favour the use of capital on financial markets, with a view to easier and quicker returns.
"I would like to recall", he added, "that the most sure way to contrast the decline of the entrepreneurial system in a particular territory consists in establishing a network of contacts with other social actors, investing in research and innovation, not using unjust competition between firms, not overlooking social obligations, and ensuring a quality productivity that responds to the real needs of people".
"A business can ... produce 'social wealth' if business people and managers are guided by a far-sighted vision, one that prefers long-term investment to speculative profit, and that promotes innovation rather than thinking only to accumulate wealth".
The Holy Father went on: "Business people attentive to the common good are always called to see their activity in the framework of a pluralistic whole. Such an approach generates - through personal dedication and a fraternity expressed in concrete economic and financial decisions - a market that is more competitive and, at the same time, more civil, animated by a spirit of service".
Benedict XVI concluded his remarks by saying that "development, in whatever sector of human existence, also means openness to the transcendent, to the spiritual dimension of life, to trust in God, to love, to fraternity, to acceptance, to justice and to peace".
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AUDIENCES
VATICAN CITY, 18 MAR 2010 (VIS) - The Holy Father today received in separate audiences:
- Archbishop Augustine Kasujja, apostolic nuncio to Nigeria.
- Five prelates of the Conference of Bishops of Burkina Faso and Niger, on their "ad limina" visit:
- Archbishop Philippe Ouedraogo of Ouagadougou, accompanied by Archbishop emeritus Jean-Marie Untaani Compaore.
- Bishop Justin Kientega of Ouahigouya.
- Bishop Judes Bicaba of Dedougou.
- Bishop Der Raphael Dabire Kusiele of Diebougou.
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OTHER PONTIFICAL ACTS
VATICAN CITY, 18 MAR 2010 (VIS) - The Holy Father:
- Appointed Bishop Francesco Panfilo S.D.B. of Alotau-Sideia, Papua New Guinea, as coadjutor archbishop of Rabaul (area 15,500, population 275,000, Catholics 145,320, priests 50, religious 208), Papua New Guinea. The archbishop-elect was born in Schilpario, Italy in 1942, he was ordained a priest in 1974 and consecrated a bishop in 2001.
- Appointed Fr. Jacques Benoit-Gonnin of the clergy of Paris, France, pastor of the parish of the Blessed Trinity, as bishop of Beauvais (area 5,855, population 784,087, Catholics 698,000, priests 153, permanent deacons 22, religious 243), France. The bishop-elect was born in Thoiry, France in 1952 and ordained a priest in 1985.
- Appointed Fr. Ralph Heskett C.Ss.R. delegate for vocations for the Redemptorist province of Great Britain, as bishop of Gibraltar (area 6, population 27,497, Catholics 21,470, priests 14, religious 10). The bishop-elect was born in Sunderland, England in 1953 and ordained a priest in 1976. He succeeds Bishop Charles Caruana, whose resignation from the pastoral care of the same diocese the Holy Father accepted, upon having reached the age limit.
- Accepted the resignation from the pastoral care of the diocese of Goma, Democratic Republic of Congo, presented by Bishop Faustin Ngabu, upon having reached the age limit. He is succeeded by Coadjutor Bishop Theophile Kaboy Ruboneka.
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NOTICE
VATICAN CITY, 18 MAR 2010 (VIS) - As previously advised, there will be no edition of VIS tomorrow, 19 March, Solemnity of St. Joseph patron of the Universal Church, and the Holy Father's name day. The next VIS bulletin will be issued on Saturday 20 March, for the publication of the Holy Father's Pastoral Letter to Irish faithful.
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Copyright © Vatican Information Service 00120 Vatican City
The news items contained in the Vatican Information Service may be used, in part or in their entirety, by quoting the source:
V.I.S. -Vatican Information Service.
Copyright © Vatican Information Service 00120 Vatican City
