Pope: Financial system built on sand

Published: Oct. 6, 2008 at 8:12 PM
Order reprints
VATICAN CITY, Italy, Oct. 6 (UPI) -- The collapse of banks shows the international monetary system is as shaky as if it were built on sand, Pope Benedict XVI said Monday.

"We are now seeing, in the collapse of major banks, that money vanishes, it is nothing," the pope said in a televised reading. "All these things that appear to be real are in fact secondary. Only God's words are a solid reality."

The church does not have solutions to the financial crisis but can help people reflect on what is of primary importance, said Claudia Maria Celli, head of the Vatican's culture department.

"The economy is a penultimate reality," Celli said at a news conference covered by ANSA, the Italian news agency.


© 2008 United Press International, Inc. All Rights Reserved.



Logano holds on for Nationwide win
MLB: Texas 6, Seattle 4
MLB: Atlanta 4, Colorado 1
MLB: LA Angels 10, N.Y. Yankees 6
Man charged with blasting porn soundtrack
NOAA: El Nino developing in Pacific
Weather could delay shuttle launch
fark
A kid had to be rescued from a mall escalator. You know the rescue wasn't that dramatic. When an...
Not news: Police spokesman sends out mugshot to a TV station. News: It was the wrong photo. Fark:...
Emergency evacuation of 747, pants before or after noxious odor spilled into cabin
Iran condemns Italy for "violent suppression of justice-seeking protesters by the Italian police"...
Only the Royals would consider Yuniesky Betancourt a 'major trade'. Second paragraph- 'Betancourt,...
Probably the most spectacularly disturbing suicide you'll read about today