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’And on the eighth day He created a supranational institution with universal competence
From our Lord and Saviour, via his earthly representative and the New York Times:
The Vatican called on Monday for an overhaul of the world’s financial systems, and once again proposed the establishment of a supranational authority to oversee the global economy,
Is God a fan of austerity?
Erm, OK, not God. Not even the Pope — although an editorial in L’Osservatore Romano by the Pope’s banker comes close:
During a prolonged crisis, inheritance taxes, new forms of taxation or similar alternatives reduce or wipe out resources for investments,
God loves, man fiddles
Someone hasn’t been reading Matthew 6:24. From Reuters on Tuesday:
The head of the Vatican bank Ettore Gotti Tedeschi has been placed under investigation by Rome magistrates for suspected money-laundering by the bank,
Holy rollers
Are you a Christian? Have you had enough of all this ‘evil’ finance fuss? Do you want to go good?
Meet the Stoxx Europe Christian index.
It comprises 533 European companies that only derive revenues from sources approved “according to the values and principles of the Christian religion”
Holy See names new CEO
No, we’re not talking about the Pope; Benedict XVI is no fan of capitalism, in any event.
But not everyone in the Vatican City would bewail the futility of money and ambition, as the Wall Street Journal reported on Thursday:
Pope condemns capitalism’s ‘failures’
Pope Benedict XVI on Tuesday condemned the “grave deviations and failures” of capitalism exposed by the financial crisis and issued a strong call for a “true world political authority” to oversee a return to ethics in the global economy,