- Sep 25, 2020
Pope Francis believes that the human person is not immune to crises but always impacted by them. Being better or worse after each one, he’s often said, is “up to us.” With that in mind, the Vatican’s COVID-19 coronavirus crisis task force is identifying what needs to be changed.
A top Vatican adviser on economic and social issues has challenged the effectiveness of the European Union over its handling of the COVID-19 coronavirus outbreak, calling not for the dissolution of the European Union, but a stronger body that has the power to force member states to offer mutual support in times of crisis.
The economic threat caused by a coronavirus-induced collapse in tourism is particularly existential for businesses operating near the Vatican, which are heavily dependent on the all-but-gone tourist trade, with many facing staggering losses that could force them to close their doors.
Speaking at a summit in Rome of some of the world’s most powerful financial officials, Pope Francis said the fact that five million children under five will die this year due to extreme poverty is something that should motivate the world to act.
Eric LeCompte, executive director of Jubilee USA Network, says when Pope Francis goes against “vulture funds,” and calls for a new economic model, it’s because he has first-hand experience of the financial crisis these institutions caused in his home country, Argentina.