Pope hits out at 'cult of money'

Pope hits out at 'cult of money'

Pope Francis has denounced the global financial system, blasting the “cult of money” that he said is tyrannising the poor and turning humans into expendable consumer goods.

In his first major speech on the subject, Francis demanded that financial and political leaders reform the global financial system to make it more ethical and concerned for the common good.

He said: “Money has to serve, not to rule!”

It is a message Francis delivered on many occasions when he was archbishop of Buenos Aires, and it is one that was frequently stressed by retired Pope Benedict XVI.

Francis, who has made clear the poor are his priority, made the comments at the Vatican as he greeted his first group of new ambassadors accredited to the Holy See.

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