Menu
News

Catholic Church should not seek riches, says Pope

POPE Francis said today that the Catholic Church, which rakes in hundreds of millions of euros each year, should follow the example of St Peter and not seek to accumulate wealth.

The Argentine pontiff said today during Mass at Saint Martha's House, the Vatican residence where he lives, that the truth of the Gospel should be announced with "simplicity and gratuitousness".

"The works of the Church must go forward… but with a heart of poverty, not a heart of investment or of a businessman.

"Saint Peter did not have a bank account and when he had to pay taxes, the Lord sent him to sea to fish a fish with a coin inside in order to pay."

Francis has issued a some cost-cutting reforms within the Vatican that include cutting the €25,000 allowance normally paid to members of the oversight commission of cardinals of the controversial Vatican Bank, the IOR.

The IOR has frequently been investigated in connection with money laundering scams.

Looking at income in Italy alone the Vatican rakes in around £800m a year  from taxpayers' donations.

It also has considerable stockmarket investments and owns thousands of properties, some of which operate as profit-generating enterprises -- and most of which enjoy tax breaks.

Topics:  catholic editors picks pope francis poverty



Ladies to hang ten together with event's return

Big Wave surfer Felicity Palmateer said the Surf Dive 'N Ski Girls Go Surfing Day would be a great opportunity for all ages.

Girls Go Surfing to return for the first time since 2013

Tweed Link is now available

The Tweed Link is now available in the Wednesday community edition of the Tweed Daily News.

Read everything in the Tweed Link here.

Surf warning continues for Tweed Coast

TAKE CARE: A lifeguard watches over surfers taking advantage of the massive swell at Snapper Rocks. While conditions are expected to subside this week, beachgoers are still urged to exercise caution.

Beaches were closed over the weekend due to swell.

Local Partners