Skip to content
The Catholic Leader
  • Home
  • News
    • QLD
    • Australia
    • Regional
    • Education
    • World
    • Vatican
  • Features
  • Opinion
  • Life
    • Family
    • Relationships
    • Faith
  • Culture
  • People
  • Subscribe
  • Jobs
  • Contribute
No Result
View All Result
  • Home
  • News
    • QLD
    • Australia
    • Regional
    • Education
    • World
    • Vatican
  • Features
  • Opinion
  • Life
    • Family
    • Relationships
    • Faith
  • Culture
  • People
  • Subscribe
  • Jobs
  • Contribute
No Result
View All Result
The Catholic Leader
No Result
View All Result
Home News Vatican

Pope’s monthly prayer intention for May comes with a warning for financial markets and the ‘true economy’

byStaff writers
5 May 2021 - Updated on 6 May 2021
Reading Time: 2 mins read
AA
Warning: Pope Francis said the current financial situation was “unsustainable and it is dangerous”.

Warning: Pope Francis said the current financial situation was “unsustainable and it is dangerous”.

Share on FacebookShare on Twitter

POPE Francis launched his monthly prayer intention for May with a video warning about a fracture between the economy of ordinary work and the skyrocketing prices in financial markets. 

“The true economy, the one that creates work, is in crisis,” he said.

“How many people are now unemployed, but the financial markets have never been as inflated as they are now.”

Pope Francis went on to note that high finance, if unregulated and left to its own devices, becomes “pure speculation driven by various monetary policies”.

“This situation is unsustainable and it is dangerous,” he said. 

“So that the poor do not suffer painful consequences from this system, financial speculation must be carefully regulated.”

Pope Francis then repeated his emphasis on the term “speculation”.

He expressed his hope that finance might be a vehicle to meet people’s needs.

“May finance be a form of service, and an instrument to serve the people, and to care for our common home,” he said.

He urged everyone to promote a form of economy which is more just and sustainable, and which leaves no one behind.

Related Stories

Pope Francis condemns Independence Day parade attack and calls for end of violence

‘For the moment, no,’ – Pope Francis dismisses resignation rumours in wide-ranging interview

Pope Francis asks for prayers after 50 migrants found dead in Texas trailer truck

“We can do this,” he said. 

“And let us pray that those in charge of finance will work with governments to regulate financial markets and protect citizens from its dangers.”

His prayer intentions come as the Reserve Bank of Australia left interest rates at their historically low level of 0.1 per cent. 

ShareTweet
Previous Post

Campaign calls Catholics back home to the church

Next Post

High-calibre specialists reskilling for the classroom at St Rita’s College

Staff writers

Related Posts

Mazur/catholicnews.org.uk.
World

Pope Francis condemns Independence Day parade attack and calls for end of violence

6 July 2022
‘For the moment, no,’ – Pope Francis dismisses resignation rumours in wide-ranging interview
Vatican

‘For the moment, no,’ – Pope Francis dismisses resignation rumours in wide-ranging interview

5 July 2022
Tragedy: Debra Ponce, left, and Angelita Olvera of San Antonio mourn near the scene where dozens of immigrants were found dead inside a trailer truck a day earlier on June 28. Photo: CNS
World

Pope Francis asks for prayers after 50 migrants found dead in Texas trailer truck

29 June 2022
Next Post
High-calibre specialists reskilling for the classroom at St Rita’s College

High-calibre specialists reskilling for the classroom at St Rita's College

Solar: The project carries a zero net carbon certification that means 100 per cent of the operational energy use associated with the project will be offset by new on-site or off-site renewable energy on a net annual basis.

Brisbane Catholic Schools go green with ENGIE

Goodbye: Father Michael Kottar, a priest from the Diocese of Charlotte, is surrounded by priests, seminarians and members of the Daughters of the Virgin Mother at St Joseph College Seminary in Mount Holly, North Carolina, on April 29.

Facing death, priest turns his farewell into teachable moment

Popular News

  • Plenary Council assembly reaches decision day about the Church role of women

    Vote over role of women disrupts Plenary Council assembly

    0 shares
    Share 0 Tweet 0
  • Plenary Council assembly reaches decision day about the Church role of women

    0 shares
    Share 0 Tweet 0
  • Plans for indigenous elements, memorials to trauma, to complement Catholic liturgy

    0 shares
    Share 0 Tweet 0
  • Mass with signs of indigenous respect launch historic Plenary Council assembly

    0 shares
    Share 0 Tweet 0
  • Called to share the message of Jesus at mission school

    0 shares
    Share 0 Tweet 0
Search our job finder
No Result
View All Result

Latest News

Caritas Australia Richard Landels

‘We must act now’ – Caritas Australia chief says Ethiopian food crisis is acute

by Hannah Kennelly
6 July 2022
0

RITAS Australia chief executive officer Kirsty Robertson has called for an immediate response for ugent famine prevention...

Plenary Council assembly reaches decision day about the Church role of women

Vote over role of women disrupts Plenary Council assembly

6 July 2022
Mazur/catholicnews.org.uk.

Pope Francis condemns Independence Day parade attack and calls for end of violence

6 July 2022
Plenary Council assembly reaches decision day about the Church role of women

Plenary Council assembly reaches decision day about the Church role of women

6 July 2022
‘For the moment, no,’ – Pope Francis dismisses resignation rumours in wide-ranging interview

‘For the moment, no,’ – Pope Francis dismisses resignation rumours in wide-ranging interview

5 July 2022

Never miss a story. Sign up to the Weekly Round-Up
eNewsletter now to receive headlines directly in your email.

Sign up to eNews
  • About
  • Advertise
  • Contact
  • Contribute
  • Jobs
  • Subscribe

The Catholic Leader is an Australian award-winning Catholic newspaper that has been published by the Archdiocese of Brisbane since 1929. Our journalism seeks to provide a full, accurate and balanced Catholic perspective of local, national and international news while upholding the dignity of the human person.

Copyright © All Rights Reserved The Catholic Leader
Accessibility Information | Privacy Policy | Archdiocese of Brisbane

The Catholic Leader acknowledges Aboriginal and Torres Strait Islander people as the First Peoples of this country and especially acknowledge the traditional owners on whose lands we live and work throughout the Catholic Archdiocese of Brisbane.

No Result
View All Result
  • Home
  • News
    • QLD
    • Australia
    • Regional
    • Education
    • World
    • Vatican
  • Features
  • Opinion
  • Life
    • Family
    • Relationships
    • Faith
  • Culture
  • People
  • Subscribe
  • Jobs
  • Contribute

Copyright © All Rights Reserved The Catholic Leader

0
    0
    Your Cart
    Your cart is emptyChoose another Subscription
    Continue Shopping