Source: ABC News
“Pope Francis on Thursday called on wealthy countries and institutions to substantially reduce if not outright cancel debt as a matter of justice on the occasion of the Vatican’s 2025 Jubilee Year. In a message for world peace, Francis referred to St. John Paul II’s admonition in Jubilee Year 2000 that debt ‘threatens the future of many nations.’ He noted that many countries ‘are in no condition to repay the amount they owe,’ and called for a new financial framework ‘lest this prove merely an isolated act of charity that simply reboots the vicious cycle of financing and indebtedness.'” (12/12/24)