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Vatican condemns financial industry abuses

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The document said the crisis presented an opportunity to move toward a world economy that is “more attentive to ethical principles, and a new regulation of financial activities that would neutralise predatory and speculative tendencies and acknowledge the value of the actual economy.

“[B]esides the fact that most of its operators are singularly animated by good and right intentions, it is impossible to ignore the fact that the financial industry . is a place where selfishness and the abuse of power have an enormous potential to harm the community,” the Church said.

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