The Vatican called for "a new regulation of financial activities" in on Thursday a broad and harsh critique of the international financial system that emphasized the need for higher ethical standards since the housing market crash in the last decade. The new document released by the Vatican, approved by Pope Francis, calls out the post-2008 financial crisis economy for "excluding the common good," citing the need for it to be "more attentive to ethical principles."
The Hill has the story, here.
