Pope proposes new financial order guided by ethics
July 7, 2009
By Nicole Winfield
Associated Press Writer
VATICAN CITY — Pope Benedict XVI called Tuesday for a new world financial order guided by ethics and the search for the common good, denouncing the profit-at-all-cost mentality blamed for bringing about the global financial meltdown.
In the third encyclical of his pontificate, Benedict pressed for reform of the United Nations and international economic and financial institutions to give poorer countries more of a say in international policy.