Pope Condemns Quest for Quick Profit

VATICAN CITY (AP) - Pope Benedict says the global financial crisis is a result of the quest for short-term gains at the expense of the common good.

In an annual peace message directed at world leaders, Benedict also said the widening gap between rich and poor is a threat to world peace.

The pope rejected the idea that high birthrates lead to poverty, pointing out that among the most developed countries, those with higher birth rates enjoy better opportunities for development. The church opposes artificial birth control and abortion.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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