Pope Talks Poverty, Eyes Finance Branch Overhaul

Wednesday, 19 Feb 2014 11:03 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Pope Francis penned a new missive on the injustices of poverty Wednesday amid indications he is eyeing a major overhaul of the Vatican's financial house by creating a finance ministry to better serve the church.

Honduran Cardinal Oscar Rodriguez Maradiaga, a key adviser in Francis' Group of Eight cardinal cabinet, told the French Catholic newspaper La Croix that creating a "finance secretariat" was needed to better organize the Vatican's diverse financial departments.

He said a cardinal would probably head it, assisted by a permanent advisory body of lay experts.

Francis: Who Is Pope Francis? Book Reveals the Man

The development came as Francis and his "G8" cardinals ended their third and final day of meetings to hear proposals for reform by experts who have been studying the Vatican's financial institutions since last summer.

Francis was elected with a mandate to reform the antiquated and inefficient Vatican bureaucracy to make it more responsive to the needs of the 21st-century church and to help, rather than hinder, bishops trying to spread the faith.

He has paid special attention to the scandal-marred Vatican bank, long accused by Italian authorities of being an off-shore tax haven for well-connected Italians, and the half-dozen independent Vatican finance offices that do everything from managing the money-making Vatican Museums to administering the Holy See's vast real estate holdings.

Francis has called for his church to be particularly attentive to the needs of the poor, and has railed against the injustices of the global capitalist system. On Wednesday, Italian daily Corriere della Sera published the preface Francis wrote for a book by his chief doctrine czar on the mission of the church: "Poor for the Poor."

While money can help people achieve goals, "money and economic power can be a means to distance people from one another, confining them to an egocentric and egotistical plane," Francis wrote.

Francis: Who Is Pope Francis? Book Reveals the Man

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

El-Erian to Fed: Stay Away From QE4

Monday, 20 Oct 2014 10:35 AM

While the Federal Reserve is poised to announce an end to its third round of quantitative easing (QE3) later this month, . . .

Apple Sees Another iPhone-Fueled Record for Holiday Sales

Tuesday, 21 Oct 2014 08:14 AM

Tim Cook is getting the end-of-year shopping season down to a science.
Apple Inc.'s chief executive officer yesterd . . .

Tudor's Jones Said to See US Stocks Beating Globe Rest of Year

Tuesday, 21 Oct 2014 08:01 AM

Billionaire Paul Tudor Jones, one of the most successful hedge-fund managers, said U.S. stocks will outperform other equ . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved