“The world will be destroyed by politics without principles, by wealth without work, by business without ethics”, warns Cardinal Gianfranco Ravasi, quoting Gandhi
The promotion of a “clean finance in which the ‘merchants’ are prevented from speculating in that sacred ‘temple’ which is humanity” is a cause “particularly dear to my heart”, Pope Francis said on Thursday to evaluators of the Moneyval Programme visiting the Vatican for an inspection.
The Vatican ‘economy minister’ has called for “transparency” around shady Church investments, and has admitted that “it is possible that the Holy See has been cheated”.
“Indifference is the great evil that leads to a self-centred world, turned in on itself”, Pope Francis has warned in a new interview.
Tax justice, including reforming the current tax systems, enacting jubilee, and paying reparations, was the focus of the second 2020 Ecumenical School on Governance, Economics and Management public webinar held on 14 September.
Pope Francis is to address the UN on the need for new socio-economic models post-pandemic.
The Vatican is facing more pushback on its new parish instruction, this time from the Church in Malta on the subject of fees for the sacraments.
Pope Francis has named six laywomen experts to the Vatican Council for the Economy and confirmed German Cardinal Reinhard Marx as coordinator of the financial oversight group.
The new layman ‘number two’ in the Vatican ‘economy ministry’ wants to challenge the perception that “only priests and nuns matter in the Church”.
Italian bishops are warning of a new “epidemic” of mafia-induced “slavery” amid COVID-19 need.
Four global organizations representing some 500 million Christians have written an urgent letter to G20 leaders, calling for them to leave behind the current broken financial architecture and promote a truly just and sustainable recovery.
Every time that someone suggests a social measure which requires an expenditure, neoliberals and fearful people immediately show up stating that “there is no money”.
This year, due to the pandemic of the coronavirus, the Ecumenical Patriarchate was unable to send a delegation to the Church of Rome on the occasion of her Thronal Feast, the feast of the Holy Apostles Peter and Paul, on 29 June 2020.
“Global inequality is scandalous”and political democracy is “not enough” to counter it, a liberation theologian pushing for economic democracy has written.
Archbishop Ivan Jurkovič has renewed the Holy Father’s appeal for debt relief at an international level.
A Vatican official has urged the world “to press the reset button” on the system post-COVID and to forge “a new path”.
Today the world is fighting a pandemic. Sooner or later the health issue will be resolved, but the economic consequences will be devastating, perhaps worse than those of the collapse of 1929, if a global recovery plan and a global redistributive shock treatment are not implemented.
Pope Francis has appointed two women to key positions in the Vatican Financial Authority and Vatican Apostolic Library.
“Corporate social responsibility cannot be just for show”, a Portuguese Church commission has reminded business in the context of the COVID-19 crisis.
In a press release issued on Monday, the Institute for Works of Religion (Istituto per le Opere di Religione, or IOR) – commonly known as the ‘Vatican Bank’ – announced a doubling of its profits in 2019 to 38 million euros, up from 17.5 million in 2018.
Pope Francis has published an Apostolic Letter creating legislation to govern the awarding of the public contracts of the Holy See and Vatican City State, which shall follow the principles of transparency, centralised control, and competition to reduce the risk of corruption.
A Portuguese Church commission has blasted bonuses to bankers during COVID-19, insisting that “not everything that is legal is legitimate”.
The Vatican has put into action in Switzerland its promise of “rigour, clarity and sobriety” in its finances.
A confidant of the Pope’s has backed a tax on the rich, saying “there are people who have more than enough”.
Father Juan Antonio Guerrero Alves was appointed just a few months ago as Prefect of the Vatican Secretariat for the Economy.
Bishops in Portugal and Spain are backing a push to implement a Europe-wide guaranteed minimum income, calling the initiative “an anchor for the most disadvantaged”.
The Vatican is projecting a coronavirus-related loss of up to 146 million euros, according to a media report.
A French traditionalist abbot has resorted to fearmongering on the universal basic income (UBI), saying it would lead to an “apocalypse”.