Vatican to call for global financial authority

Inquirer (Philippines) ^ | Wednesday, October 19th, 2011 | Agence France-Presse

[count-your-change]

Toward the end of document comes the heart and soul of what is being proposed.

“In a world on its way to rapid globalization, the reference to a world Authority becomes the only horizon compatible with the new realities of our time and the needs of humankind. However, it should not be forgotten that this development, given wounded human nature, will not come about without anguish and suffering.”

A world Authority established by force. The Kingdom of God established by the U.N. with what role for the Vatican? Whose “anguish and suffering”?

[SuziQ]

Pope Benedict XVI has repeatedly called for an “intervention” by governments to tame financial markets and has emphasized the need to restore a fragile global economic system that is hurting poorest people the hardest.

Doesn't sound like a 'global financial authority' is what he's talking about, just governments doing the job in each of their countries so that the entire system doesn't break down.