Pope urges ethics in finance

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IOL news nov24 pope AP Pope Benedict XVI has announced he will resign on February 28, a Vatican spokesman told AFP.

Vatican City - Pope Benedict XVI is calling for governments to endorse a new ethics-based economic model that looks out for the common good rather than pursue the profit-at-all-cost mentality that he blames for the global economic crisis.

Benedict outlined his vision in his annual peace message released Friday. It's an idea he has voiced before, in particular in his 2009 encyclical “Charity in Truth,” in which he called for a new world financial order that would give poorer countries more of a say in international policy.

This year's theme is “Blessed are the peacemakers,” and Benedict used it to underline how policymakers should be guided by pursuing peace in forging economic, development and social policy. He said, for example, they should oppose abortion because it is a threat to peace. - Sapa-AP

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