News from Britain and Ireland

Turkson renews call for overhaul of finance systems

13 February 2014 | by Abigail Frymann Rouch | Comments: 0

The leader of the Vatican’s social justice office has revived his call for a global regulatory body of the world’s financial systems, despite the Holy See having distanced itself from the idea.In a lecture at the London School of Economics last week, Cardinal Peter Turkson, the president of the Pontifical Council of Justice and Peace, quoted a document that his office issued in 2011, which called for “[the] creation of a world public authority at the service of the common good”. The document – which also called for a tax on financial transactions, the recapitalisation of banks with public funds, and clear definition between investment and high-street banks – received a mixed reception within the Vatican when it was released. Fr Federico Lombardi, the Ho ....... ....... ........ ........ ........ ........ ........ ........ ........ ........ ........

New Subscribers click here
New users wishing to Register to read this article click here
Existing Subscribers and Registered users can login here

Post a Comment

You can post as either a regular user, or by registering as a new user...

User Comments (0)

Latest Issue
Digital/PDF Version

PDF version (iPad-friendly)

Previous Issues
Latest Tweet
Share Us
Tablet Subscription

Manage my subcription here


Sign up for our newsletter

Sign Up