VATICAN CITY — Pope Francis on Thursday referred to as on rich nations and establishments to considerably cut back if not outright cancel debt as a matter of justice on the event of the Vatican’s 2025 Jubilee Yr.
In a message for world peace, Francis referred to St. John Paul II’s admonition in Jubilee Yr 2000 that debt “threatens the way forward for many countries.”
He famous that many nations “are in no situation to repay the quantity they owe,’’ and referred to as for a brand new monetary framework “lest this show merely an remoted act of charity that merely reboots the vicious cycle of financing and indebtedness.”
A brand new framework must be based mostly on “solidarity and concord between folks,’’ mentioned the Argentine-born pope, who has repeatedly referred to as for debt aid for the poorer southern hemisphere.
The pope has underlined the Jubilee Yr as a possibility to cancel debt. The once-every-quarter-century occasion formally begins on Christmas Eve, when Francis opens the Holy Door of St. Peter’s Basilica. It’s anticipated to carry some 32 million pilgrims to Rome.
