Updated 11:59 pm.EST, Fri November 20, 2009

World|Thu, Jan. 01 2009 08:33 AM EST

World Leaders Challenged to Pursue Major Financial Overhaul

By Associated Press Writer|Nicole Winfield

VATICAN CITY – Pope Benedict XVI challenged world leaders on Thursday to make major changes to the global financial system, saying short-term answers to the financial crisis weren't sufficient.

"It's not enough, as Jesus said, to put patches on an old suit," Benedict said in his New Year's Day blessing to thousands of people huddled under umbrellas in a rain-soaked St. Peter's Square.

Echoing a similar theme in his New Year's Day homily, Benedict said the crisis should be seen as a test-case about the future of globalization.

"Are we ready to read it in its complexity as a way for the future and not just an emergency to respond to with short-term answers?" he asked. "Are we ready to make a profound revision in the dominant development model, to correct it in a farsighted and concerted way?"

He said the health of the planet required such a correction, as well as what he called the "cultural and moral crisis" in which the world finds itself.

Benedict has spoken out frequently about the financial crisis, and he used the Roman Catholic Church's World Day of Peace, celebrated every Jan. 1, to emphasize his belief that the meltdown showed the need for greater solidarity with the poor.

"Seen in its profundity, the crisis should be seen as a serious symptom that requires intervention at its root," the pontiff said.

During his homily, Benedict also said he was praying for an end to the violence in Gaza and said he hoped the international community would come forward with concrete proposals so the Israelis and Palestinians could live in peace, security and dignity.

Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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  • Fri Jan 02, 2009 11:23 am Agree: 0   Disagree: 0

    A one world financial system = one world government?

    The catholic church has more influence over this than any one nation. This is prophesied to come to pass and will be done as a good thing. I wonder how long it will take?

  • Thu Jan 01, 2009 3:30 pm Agree: 0   Disagree: 0

    Is the problem that the governments need to overhaul their finances or is that each person needs to? In America our government is a reflection of our society. How can the image in the mirror ever be better than what's in front of it unless the mirror manipulates? Still, a our govenment doesn't need to manipulate when we lie to ourselves.

  • Thu Jan 01, 2009 2:39 pm Agree: 3   Disagree: 0

    "But know this, that in the last days perilous times will come: For men will be lovers of themselves...having a form of godliness but denying its power. And from such people turn away!" 2 Peter 3:1-5

    "For there is one God and one Mediator between God and men, the Man Christ Jesus." 1 Tim 2:5

    "Jesus said to him, "I am the way, the truth, the life. No one come to the Father except through Me." John 14:6

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