The following is the text of the video message of the Holy Father Francis with the prayer intention for the month of May, disseminated through the Pope's World Prayer Network on the theme The World of Finance: “Let us pray that those in charge of finance will work with governments to regulate the financial sphere and protect citizens from its dangers”:
Video Message of the Holy Father
While the real economy, the one that creates jobs, is in crisis - how many people are out of work! - the financial markets have never been as hypertrophic as they are now.
How distant the world of big finance is from the lives of most people!
If finance is not regulated, it becomes pure speculation driven by monetary policies.
This situation is unsustainable. It is dangerous.
To prevent the poor from paying the price again, financial speculation must be strictly regulated.
Speculation. I want to underline this term.
Let finance be a tool of service, a tool to serve people and to take care of the common home!
We are still in time to start a process of global change to implement a different, fairer, more inclusive, sustainable economy that leaves no one behind.
Let us do it! And let us pray for financial managers to work with governments to regulate financial markets and protect citizens in danger.