Tuesday, May 4, 2021

Pope Francis' May Prayer Intention "Let us pray that those in charge of finance will work with governments to regulate the financial sphere and protect citizens..." FULL TEXT + VIDEO



Pope’s May prayer intention: ‘For the world of finance’ - "Let us pray that those in charge of finance will work with governments to regulate the financial sphere and protect citizens from its dangers."
Pope Francis releases his prayer intention for the month of May 2021,
“The true economy, the one that creates work, is in crisis.”
 “The Pope Video”, was released on May 4th, 2021.
The Pope’s Worldwide Prayer Network, which prepares “The Pope Video” each month, released a press statement accompanying the prayer intention.
It explained the Holy Father’s concern for unstable markets with the inequalities worsened by the Covid-19 pandemic.
Global GDP (Gross Domestic Product), noted the statement, has suffered its sharpest drop since the end of World War II, with millions of people out of work or on leave.

 

The full text of the Pope's prayer intention is below:
"The true economy, the one that creates work, is in crisis. How many people are now unemployed! — But the financial markets have never been as inflated as they are now.
How far away is the world of high finance from the lives of ordinary people!
If finance is unregulated, it becomes pure speculation driven by various monetary policies.
 This situation is unsustainable. And it is dangerous.
So that the poor do not suffer painful consequences from this system, financial speculation must be carefully regulated. 
Speculation. I want to underline that term. 
May finance be a form of service, and an instrument to serve the people, and to care for our common home!
We still have time to begin a process of global change to practice a different kind of economy, one that is more just, more inclusive and sustainable —and leaves no one behind.
We can do this! And let us pray that those in charge of finance will work with governments to regulate financial markets and protect citizens from its dangers."

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