Global finance crisis overshadows francophone summit (AFP)

AFP - The global finance crisis is to overshadow a summit of some 30 French-speaking nations Friday to Sunday in Quebec City, and Canada-EU trade talks on its sidelines, say organizers. Read more…

Pope: financial crisis shows futility of money (AP)

06.10.2008 14:56 Business

VATICAN CITY - Pope Benedict XVI says the global financial crisis show the futility of money and ambition.

Benedict says that "now with the collapse of big banks we see that money disappears, is nothing and all these things that appear real are in fact of secondary importance." He urges those who build their lives "only on things that are visible, such as success, career, money" to keep that in mind.

The pontiff was speaking Monday as he opened the works of a meeting of 253 bishops at the Vatican.

Benedict says "the only solid reality is the word of God."

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