Pope Calls for Changes To World Financial System

VATICAN CITY (AP) - Pope Benedict is calling for major changes to the world financial system.

In his New Year's Day blessing, the pope said short-term answers to the financial crisis are inadequate. Paraphrasing Jesus, Benedict says it's "not enough" to "put patches on an old suit."

Thousands of people huddled under umbrellas in St. Peter's Square to hear the pope's message.

In his New Year's Day homily, Benedict said the world financial crisis should be seen as a test-case for the future of globalization. He used the Roman Catholic Church's World Day of Peace, celebrated every Jan. 1, to emphasize his belief that the meltdown shows the need for greater solidarity with the poor.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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