financial

Vatican urges Catholics not to leave Pope Leo XIV alone in opposing war #Catholic VATICAN CITY — Vatican Secretary of State Cardinal Pietro Parolin warned that the “logic of the strongest” risks prevailing on the international stage and called on Christians to become “voices of peace” who do not leave Pope Leo XIV standing alone in his opposition to war.In an interview with Dialoghi, a cultural magazine linked to Italian Catholic Action, Parolin said the voice of the pope is “prophetic” but risks becoming “a voice crying in the wilderness if it is not supported and helped concretely.”His remarks also offer a key to understanding the peace prayer vigil Leo XIV has called for April 11 in St. Peter’s Basilica.Parolin recalled the 2003 Iraq war, when St. John Paul II pleaded for the conflict to be avoided but “was left alone.” He therefore stressed the need to support the current pontiff’s appeal for a peace that is “unarmed and disarming” and to reject “the false propaganda of rearmament.”“There is a need for more voices of peace, more voices against the madness of the rush toward rearmament, more voices raised in favor of our poorest brothers and sisters, more voices and more proposals — I am thinking, for example, of the world of Catholic universities — for new economic models inspired by justice and care for the weakest instead of the idolatry of money,” Parolin said.The cardinal described an alarming international climate in which military action appears to impose itself too easily.“I am struck by how much determination — I was about to say ease — with which the military option is presented as decisive, almost inevitable,” he said.According to the Vatican secretary of state, this trend has left diplomacy practically “mute,” unable to activate alternative tools, while awareness of the tragedy of war and the value of shared rules is being lost.Parolin said the root of the problem is a “multi-polarism inspired by the primacy of power,” in which states place greater trust in force than in international law. That, he said, has produced “double standards,” visible in the differing reactions to attacks on civilians in Ukraine and the destruction in Gaza.“Many governments,” Parolin said, “have expressed indignation over attacks against Ukrainian civilians by Russian missiles and drones, imposing sanctions on the aggressors.”“I do not think the same has happened with the tragedy of the destruction of Gaza,” he added.For the cardinal, this is a case of “double standards” tied to the “primacy of power” — the dominance of one’s own country over others — with international law invoked “only when convenient” and ignored in many other cases.“It seems there has been a lack of awareness of the value of peace, awareness of the tragic reality of war, awareness of the importance of shared rules and of respecting them,” he said.Parolin also lamented the weakening of the global diplomatic architecture and said it is “utopian” to think peace can be guaranteed “by weapons and by balances imposed by the strongest rather than by international agreements.”“We cannot surrender to the logic of the strongest,” the cardinal insisted, because that logic “bends international law to its own interests” and weakens multilateral institutions.In that context, he also expressed regret that Europe has been unable to speak with one voice. He said it is necessary “to rekindle in peoples the sense of European belonging and, in leadership, the awareness of the need for common actions without ever failing the principles that are at the foundation of the European Union itself.”Regarding the United Nations, Parolin said the Holy See “continues to believe in its importance,” considering international organizations essential for restraining the logic of the strongest. At the same time, he acknowledged that the use of the veto has limited the U.N.’s ability to act.“We cannot move from the force of law to the law of force,” he warned.Parolin also highlighted the role believers can play, including defending life and human dignity, protecting religious freedom, promoting reforms to the economic and financial system in line with the Church’s social doctrine, and caring for creation.Finally, the cardinal addressed the cultural impact of new technologies, saying hyper-connectivity and the spread of fake news help fuel fear and build new walls.“As Christians, we must oppose this drift with our daily lives,” he concluded.This story was first published by ACI Prensa, the Spanish-language sister service of EWTN News. It has been translated and adapted by EWTN News English.
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Vatican urges Catholics not to leave Pope Leo XIV alone in opposing war #Catholic VATICAN CITY — Vatican Secretary of State Cardinal Pietro Parolin warned that the “logic of the strongest” risks prevailing on the international stage and called on Christians to become “voices of peace” who do not leave Pope Leo XIV standing alone in his opposition to war.In an interview with Dialoghi, a cultural magazine linked to Italian Catholic Action, Parolin said the voice of the pope is “prophetic” but risks becoming “a voice crying in the wilderness if it is not supported and helped concretely.”His remarks also offer a key to understanding the peace prayer vigil Leo XIV has called for April 11 in St. Peter’s Basilica.Parolin recalled the 2003 Iraq war, when St. John Paul II pleaded for the conflict to be avoided but “was left alone.” He therefore stressed the need to support the current pontiff’s appeal for a peace that is “unarmed and disarming” and to reject “the false propaganda of rearmament.”“There is a need for more voices of peace, more voices against the madness of the rush toward rearmament, more voices raised in favor of our poorest brothers and sisters, more voices and more proposals — I am thinking, for example, of the world of Catholic universities — for new economic models inspired by justice and care for the weakest instead of the idolatry of money,” Parolin said.The cardinal described an alarming international climate in which military action appears to impose itself too easily.“I am struck by how much determination — I was about to say ease — with which the military option is presented as decisive, almost inevitable,” he said.According to the Vatican secretary of state, this trend has left diplomacy practically “mute,” unable to activate alternative tools, while awareness of the tragedy of war and the value of shared rules is being lost.Parolin said the root of the problem is a “multi-polarism inspired by the primacy of power,” in which states place greater trust in force than in international law. That, he said, has produced “double standards,” visible in the differing reactions to attacks on civilians in Ukraine and the destruction in Gaza.“Many governments,” Parolin said, “have expressed indignation over attacks against Ukrainian civilians by Russian missiles and drones, imposing sanctions on the aggressors.”“I do not think the same has happened with the tragedy of the destruction of Gaza,” he added.For the cardinal, this is a case of “double standards” tied to the “primacy of power” — the dominance of one’s own country over others — with international law invoked “only when convenient” and ignored in many other cases.“It seems there has been a lack of awareness of the value of peace, awareness of the tragic reality of war, awareness of the importance of shared rules and of respecting them,” he said.Parolin also lamented the weakening of the global diplomatic architecture and said it is “utopian” to think peace can be guaranteed “by weapons and by balances imposed by the strongest rather than by international agreements.”“We cannot surrender to the logic of the strongest,” the cardinal insisted, because that logic “bends international law to its own interests” and weakens multilateral institutions.In that context, he also expressed regret that Europe has been unable to speak with one voice. He said it is necessary “to rekindle in peoples the sense of European belonging and, in leadership, the awareness of the need for common actions without ever failing the principles that are at the foundation of the European Union itself.”Regarding the United Nations, Parolin said the Holy See “continues to believe in its importance,” considering international organizations essential for restraining the logic of the strongest. At the same time, he acknowledged that the use of the veto has limited the U.N.’s ability to act.“We cannot move from the force of law to the law of force,” he warned.Parolin also highlighted the role believers can play, including defending life and human dignity, protecting religious freedom, promoting reforms to the economic and financial system in line with the Church’s social doctrine, and caring for creation.Finally, the cardinal addressed the cultural impact of new technologies, saying hyper-connectivity and the spread of fake news help fuel fear and build new walls.“As Christians, we must oppose this drift with our daily lives,” he concluded.This story was first published by ACI Prensa, the Spanish-language sister service of EWTN News. It has been translated and adapted by EWTN News English.

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The Vatican Secretary of State said the pope’s appeals for peace need concrete support.

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Vatican bank names new president #Catholic The Institute for the Works of Religion (IOR), often referred to as the Vatican bank, has announced that Luxembourg banker François Pauly will succeed Jean-Baptiste Douville de Franssu as president of its Board of Superintendence.According to a March 25 press release, Pauly “has been elected as the next president of the Board of Superintendence” and will formally take office following the board meeting scheduled for April 28, when the institute’s 2025 financial statements are approved.De Franssu, who has led the IOR since July 9, 2014, will remain in office until that date, concluding a tenure marked by significant internal reform and efforts to rebuild the institution’s international credibility.The need for reform stemmed from years of scrutiny over the Vatican bank’s management, transparency, and anti-money-laundering controls. In the past, the institute faced damaged credibility amid concerns about oversight and compliance, prompting a long push to strengthen governance, tighten internal procedures, and bring its operations into line with international financial standards.The transition “follows a carefully managed succession process conducted over the past 12 months in close collaboration between the Board of Superintendence and the Commission of Cardinals, ensuring continuity in the governance of the Institute,” the IOR said.Pauly, a Luxembourg national, has served on the board since 2024. His appointment was approved Jan. 28 by the Commission of Cardinals following a proposal by the board in December 2025, in accordance with the institute’s statutes.He brings decades of experience in the financial sector, having begun his banking career in the late 1980s. He previously served as deputy chief executive officer of Dexia Crediop in Italy and later as CEO and chairman of Banque Internationale à Luxembourg from 2011 to 2016. He also served on the board of the Vatican Pension Fund from 2017 to 2021.Currently, Pauly is chairman of La Luxembourgeoise Group and a member of the Commission for Economic Affairs of the Archdiocese of Luxembourg, while also serving on the boards of several financial firms across Europe.In a statement, de Franssu reflected on his tenure, saying the institute had undergone “a profound structural transformation” that restored credibility and strengthened financial performance.“This process has enabled the institute to achieve strong international credibility and to deliver solid financial results,” he said, noting that reforms improved governance, transparency, and compliance with international anti-money laundering standards.Cardinal Giuseppe Petrocchi, president of the IOR’s Commission of Cardinals, expressed “deep gratitude” for de Franssu’s service and praised his “essential contribution” to the institute’s renewal.He also welcomed Pauly’s appointment, highlighting his “extensive professional experience” as key to consolidating recent progress and strengthening the institute’s ties with the global financial sector.“We hope that, under his leadership, the Board of Superintendence continues to effectively support the mission of the IOR in service of the universal Church,” Petrocchi said.The Commission of Cardinals will now appoint a new member of the Board of Superintendence to replace de Franssu, subject to regulatory approval.This story was first published by ACI Prensa, the Spanish-language sister service of EWTN News. It has been translated and adapted by EWTN News English.
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Vatican bank names new president #Catholic The Institute for the Works of Religion (IOR), often referred to as the Vatican bank, has announced that Luxembourg banker François Pauly will succeed Jean-Baptiste Douville de Franssu as president of its Board of Superintendence.According to a March 25 press release, Pauly “has been elected as the next president of the Board of Superintendence” and will formally take office following the board meeting scheduled for April 28, when the institute’s 2025 financial statements are approved.De Franssu, who has led the IOR since July 9, 2014, will remain in office until that date, concluding a tenure marked by significant internal reform and efforts to rebuild the institution’s international credibility.The need for reform stemmed from years of scrutiny over the Vatican bank’s management, transparency, and anti-money-laundering controls. In the past, the institute faced damaged credibility amid concerns about oversight and compliance, prompting a long push to strengthen governance, tighten internal procedures, and bring its operations into line with international financial standards.The transition “follows a carefully managed succession process conducted over the past 12 months in close collaboration between the Board of Superintendence and the Commission of Cardinals, ensuring continuity in the governance of the Institute,” the IOR said.Pauly, a Luxembourg national, has served on the board since 2024. His appointment was approved Jan. 28 by the Commission of Cardinals following a proposal by the board in December 2025, in accordance with the institute’s statutes.He brings decades of experience in the financial sector, having begun his banking career in the late 1980s. He previously served as deputy chief executive officer of Dexia Crediop in Italy and later as CEO and chairman of Banque Internationale à Luxembourg from 2011 to 2016. He also served on the board of the Vatican Pension Fund from 2017 to 2021.Currently, Pauly is chairman of La Luxembourgeoise Group and a member of the Commission for Economic Affairs of the Archdiocese of Luxembourg, while also serving on the boards of several financial firms across Europe.In a statement, de Franssu reflected on his tenure, saying the institute had undergone “a profound structural transformation” that restored credibility and strengthened financial performance.“This process has enabled the institute to achieve strong international credibility and to deliver solid financial results,” he said, noting that reforms improved governance, transparency, and compliance with international anti-money laundering standards.Cardinal Giuseppe Petrocchi, president of the IOR’s Commission of Cardinals, expressed “deep gratitude” for de Franssu’s service and praised his “essential contribution” to the institute’s renewal.He also welcomed Pauly’s appointment, highlighting his “extensive professional experience” as key to consolidating recent progress and strengthening the institute’s ties with the global financial sector.“We hope that, under his leadership, the Board of Superintendence continues to effectively support the mission of the IOR in service of the universal Church,” Petrocchi said.The Commission of Cardinals will now appoint a new member of the Board of Superintendence to replace de Franssu, subject to regulatory approval.This story was first published by ACI Prensa, the Spanish-language sister service of EWTN News. It has been translated and adapted by EWTN News English.

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François Pauly will succeed Jean-Baptiste de Franssu at helm of Institute for the Works of Religion.

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Pakistan Christian prisoners rebuild lives after church bombings #Catholic LAHORE, Pakistan — Every year during Lent, Sunil Masih remembers his elder brother as churches in Youhanabad — Lahore’s largest squatter settlement for poor Christians — mark the anniversary of the 2015 church bombings.The four Catholic brothers were among more than 150 Christians arrested by police days after twin suicide attacks on St. John’s Catholic Church and Christ Church on March 15, 2015, which killed at least 19 people and injured hundreds. The attacks were claimed by Jamaat-ul-Ahrar, an offshoot of Tehreek-e-Taliban Pakistan.The bombings sparked mob violence that mistakenly killed two Muslim men, who were later identified and detained through raids and video evidence. Sunil Masih stands beside his vegetable cart in front of his family’s former milk shop in Youhanabad, Lahore, Pakistan, on March 15, 2025. | Credit: Kamran Chaudhry Masih, now 28, said the trauma of prison changed him forever.“They hurled abuses at us, beat us with strips cut from vehicle tires, and in jail we were given old dried roti [flat bread],” he told EWTN News. “Water from the greasy toilet taps was served for drinking. Family meetings were allowed only after a month. It was a hellhole on earth.”He and his brother Sadaqat Perwaiz — popularly known as Monty — were released after six months in Central Jail Lahore. One brother, however, remained among 42 Christians and one Muslim charged in the lynching case.Devastation beyond prisonThe protracted court proceedings devastated the family’s four-decade-old milk business, saddled them with mounting debts, and forced the sale of their 680-square-foot home.Their worries deepened after two Christian inmates, Inderyas Masih, 36, and Usman Shaukat, 29, died in custody under suspicious circumstances during the trial. Police claimed tuberculosis and a heart attack, respectively, while families and the British Pakistani Christian Association reported bruises and unexplained injuries. Pakistani police stand guard outside St. John’s Catholic Church in Youhanabad, Lahore, on March 15, 2025. Posters of Servant of God Akash Bashir flank the entrance gate on the 10th anniversary of twin suicide bombings that struck the neighborhood. | Credit: Kamran Chaudhry In January 2020, an anti-terrorism court acquitted the remaining 39 accused after blood money (Diyat) of 25 million rupees ($89,800) was paid to the victims’ families by Pastor Anwar Fazal, a prominent Christian televangelist.Under the Qisas and Diyat Ordinance 1990, introduced during Gen. Ziaul Haq’s Islamization process, courts calculate compensation based on the financial capacity of the convict and the victim’s heirs, with a minimum value linked to 30,630 grams of silver.Monty died of a heart attack in 2022, leaving behind two children aged 10 and 14. His faded poster still hangs in front of the family’s closed milk shop.“He was a stout man, known for his strong community ties and friendly nature in our neighborhood. Prison left him very lean and weakened by an infection that caused his legs to swell beneath the knees and bleed,” Masih said.Today, Sunil Masih sells vegetables from a wooden cart in front of the same shop, now leased to a real estate dealer. He hopes to marry once his new business stabilizes.‘The gift of a hero’On March 15, police guarded churches in Youhanabad, which houses more than 150,000 Christians, as the community observed the 11th bombing anniversary.At St. John’s, parishioners lit candles and placed flowers beneath a banner honoring Akash Bashir, the 20-year-old security volunteer who died preventing a suicide bomber from entering the church during that Sunday Mass.“Salute and gratitude to the martyrs of Youhanabad,” read the banner near the Marian grotto. In January 2022, the Vatican recognized Bashir as a servant of God, making him the first Pakistani Catholic on the path to canonization. Father Akram Javed (fifth from right), parish priest of St. John’s Catholic Church, lights a memorial candle for Servant of God Akash Bashir at a commemoration in Youhanabad, Lahore, Pakistan, on March 15, 2025. | Credit: Kamran Chaudhry Father Akram Javed, parish priest of St. John’s, thanked police for security.“A group of 30 local volunteers carry on Akash’s mission, protecting the church and worshippers. The bombings were a terrible tragedy, but in that darkness, we received the gift of a hero,” he told EWTN News.‘The bombing was a national tragedy’Pentecostal politician Aslam Pervaiz Sahotra, who spent five years in prison, sees the anniversary as a moment of reflection for Pakistan’s 3.3 million Christians, many of whom continue to face discrimination, economic hardship, and lingering trauma. A man prays outside a church in Youhanabad, Lahore, Pakistan, on March 15, 2025, during commemorations marking the anniversary of the twin suicide bombings. Banners honoring Akash Bashir are visible in the background. | Credit: Kamran Chaudhry “The bombing was a national tragedy from which the authorities learnt nothing. We continue to suffer losses due to terrorism, with sporadic attacks targeting minority communities and security forces,” said the 65-year-old head of the Massiha Millat Party (Christian Nation Party).He alleged prison authorities tried to manipulate him, introducing Muslim prisoners to persuade him to stay passive.“Despite back pain from four displaced vertebrae, my time in prison strengthened my faith and resolve for activism. The trend of arresting Christians for alleged blasphemy to appease angry crowds will continue unless investigations are conducted on merit,” he added. Pakistani bishops demand probe into death of Christian farmworker The United States Commission on International Religious Freedom, in its 2025 annual report, said religious freedom in Pakistan continued to deteriorate, recommending it be designated a “country of particular concern,” citing blasphemy-related prosecutions, mob violence, and forced conversions targeting Christians and other minorities, and a growing climate of fear and impunity.
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Pakistan Christian prisoners rebuild lives after church bombings #Catholic LAHORE, Pakistan — Every year during Lent, Sunil Masih remembers his elder brother as churches in Youhanabad — Lahore’s largest squatter settlement for poor Christians — mark the anniversary of the 2015 church bombings.The four Catholic brothers were among more than 150 Christians arrested by police days after twin suicide attacks on St. John’s Catholic Church and Christ Church on March 15, 2015, which killed at least 19 people and injured hundreds. The attacks were claimed by Jamaat-ul-Ahrar, an offshoot of Tehreek-e-Taliban Pakistan.The bombings sparked mob violence that mistakenly killed two Muslim men, who were later identified and detained through raids and video evidence. Sunil Masih stands beside his vegetable cart in front of his family’s former milk shop in Youhanabad, Lahore, Pakistan, on March 15, 2025. | Credit: Kamran Chaudhry Masih, now 28, said the trauma of prison changed him forever.“They hurled abuses at us, beat us with strips cut from vehicle tires, and in jail we were given old dried roti [flat bread],” he told EWTN News. “Water from the greasy toilet taps was served for drinking. Family meetings were allowed only after a month. It was a hellhole on earth.”He and his brother Sadaqat Perwaiz — popularly known as Monty — were released after six months in Central Jail Lahore. One brother, however, remained among 42 Christians and one Muslim charged in the lynching case.Devastation beyond prisonThe protracted court proceedings devastated the family’s four-decade-old milk business, saddled them with mounting debts, and forced the sale of their 680-square-foot home.Their worries deepened after two Christian inmates, Inderyas Masih, 36, and Usman Shaukat, 29, died in custody under suspicious circumstances during the trial. Police claimed tuberculosis and a heart attack, respectively, while families and the British Pakistani Christian Association reported bruises and unexplained injuries. Pakistani police stand guard outside St. John’s Catholic Church in Youhanabad, Lahore, on March 15, 2025. Posters of Servant of God Akash Bashir flank the entrance gate on the 10th anniversary of twin suicide bombings that struck the neighborhood. | Credit: Kamran Chaudhry In January 2020, an anti-terrorism court acquitted the remaining 39 accused after blood money (Diyat) of 25 million rupees ($89,800) was paid to the victims’ families by Pastor Anwar Fazal, a prominent Christian televangelist.Under the Qisas and Diyat Ordinance 1990, introduced during Gen. Ziaul Haq’s Islamization process, courts calculate compensation based on the financial capacity of the convict and the victim’s heirs, with a minimum value linked to 30,630 grams of silver.Monty died of a heart attack in 2022, leaving behind two children aged 10 and 14. His faded poster still hangs in front of the family’s closed milk shop.“He was a stout man, known for his strong community ties and friendly nature in our neighborhood. Prison left him very lean and weakened by an infection that caused his legs to swell beneath the knees and bleed,” Masih said.Today, Sunil Masih sells vegetables from a wooden cart in front of the same shop, now leased to a real estate dealer. He hopes to marry once his new business stabilizes.‘The gift of a hero’On March 15, police guarded churches in Youhanabad, which houses more than 150,000 Christians, as the community observed the 11th bombing anniversary.At St. John’s, parishioners lit candles and placed flowers beneath a banner honoring Akash Bashir, the 20-year-old security volunteer who died preventing a suicide bomber from entering the church during that Sunday Mass.“Salute and gratitude to the martyrs of Youhanabad,” read the banner near the Marian grotto. In January 2022, the Vatican recognized Bashir as a servant of God, making him the first Pakistani Catholic on the path to canonization. Father Akram Javed (fifth from right), parish priest of St. John’s Catholic Church, lights a memorial candle for Servant of God Akash Bashir at a commemoration in Youhanabad, Lahore, Pakistan, on March 15, 2025. | Credit: Kamran Chaudhry Father Akram Javed, parish priest of St. John’s, thanked police for security.“A group of 30 local volunteers carry on Akash’s mission, protecting the church and worshippers. The bombings were a terrible tragedy, but in that darkness, we received the gift of a hero,” he told EWTN News.‘The bombing was a national tragedy’Pentecostal politician Aslam Pervaiz Sahotra, who spent five years in prison, sees the anniversary as a moment of reflection for Pakistan’s 3.3 million Christians, many of whom continue to face discrimination, economic hardship, and lingering trauma. A man prays outside a church in Youhanabad, Lahore, Pakistan, on March 15, 2025, during commemorations marking the anniversary of the twin suicide bombings. Banners honoring Akash Bashir are visible in the background. | Credit: Kamran Chaudhry “The bombing was a national tragedy from which the authorities learnt nothing. We continue to suffer losses due to terrorism, with sporadic attacks targeting minority communities and security forces,” said the 65-year-old head of the Massiha Millat Party (Christian Nation Party).He alleged prison authorities tried to manipulate him, introducing Muslim prisoners to persuade him to stay passive.“Despite back pain from four displaced vertebrae, my time in prison strengthened my faith and resolve for activism. The trend of arresting Christians for alleged blasphemy to appease angry crowds will continue unless investigations are conducted on merit,” he added. Pakistani bishops demand probe into death of Christian farmworker The United States Commission on International Religious Freedom, in its 2025 annual report, said religious freedom in Pakistan continued to deteriorate, recommending it be designated a “country of particular concern,” citing blasphemy-related prosecutions, mob violence, and forced conversions targeting Christians and other minorities, and a growing climate of fear and impunity.

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Eleven years after twin suicide bombings struck two Pakistan churches, survivors of mass arrests still bear the scars as a young martyr who died stopping the attack moves toward sainthood.

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Holy See calls on UN to eradicate surrogacy ‘in all its forms’ #Catholic The Holy See has reaffirmed its position against surrogacy in a statement to the United Nations, urging the complete eradication of the practice and calling for the protection of women and children from exploitation.Archbishop Gabriele Caccia, apostolic nuncio and permanent observer of the Holy See to the U.N., highlighted the urgency and sensitivity of the issue, lamenting that “technology and practice have run laps around the law and ethics.”Although he acknowledged that many view surrogacy “as a compassionate solution for those wishing to be parents,” he urged the adoption of measures that respect the dignity and rights of women and children.Women choose it due to financial needCaccia lamented that because of financial need, many women agree to carry a child in their womb and subsequently hand the child over to others for money. This situation could be remedied through the development of “social protection, education, and economic opportunities,” he said.The statement asked whether the surrogacy industry could survive if poverty were eradicated. It warned that the demand for this practice “already exceeds the supply” and that many women who do not wish to participate may find themselves pressured or even coerced into doing so by family members.The text also addressed the rights of children, who are reduced to an item to be ordered “within an industrial and dehumanized logic.” The statement from the Holy See also denounced the commodification of babies and the fact that many are considered “a defective product” when they have a disability.This attitude “runs contrary to a just society in which children can grow and flourish. Children, in fact, possess rights and interests that must be respected, beginning with “a moral right to be created in an act of love,” as well as the right “to know their parents and to be cared for by them,” according to the statement.Although the Holy See acknowledged the “very real and understandable desire to have children,” it maintained that these issues cannot simply be resolved through the regulation of surrogacy. The Permanent Mission of the Holy See to the U.N. commended the decision of the Hague Conference on Private International Law not to proceed with the drafting of a convention on legal parentage in cases of surrogacy.Caccia also recalled the words of Pope Leo XIV, who affirmed that, by transforming gestation into a negotiable service, one “violates the dignity both of the child, who is reduced to a ‘product,’ and of the mother, exploiting her body and the generative process, and distorting the original relational calling of the family.”The Holy See urged that new steps be taken “toward ending this practice in all its forms and at all levels,” with the aim of protecting women and children “from exploitation and violence.”This story was first published by ACI Prensa, the Spanish-language sister service of EWTN News. It has been translated and adapted by EWTN News English.
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Holy See calls on UN to eradicate surrogacy ‘in all its forms’ #Catholic The Holy See has reaffirmed its position against surrogacy in a statement to the United Nations, urging the complete eradication of the practice and calling for the protection of women and children from exploitation.Archbishop Gabriele Caccia, apostolic nuncio and permanent observer of the Holy See to the U.N., highlighted the urgency and sensitivity of the issue, lamenting that “technology and practice have run laps around the law and ethics.”Although he acknowledged that many view surrogacy “as a compassionate solution for those wishing to be parents,” he urged the adoption of measures that respect the dignity and rights of women and children.Women choose it due to financial needCaccia lamented that because of financial need, many women agree to carry a child in their womb and subsequently hand the child over to others for money. This situation could be remedied through the development of “social protection, education, and economic opportunities,” he said.The statement asked whether the surrogacy industry could survive if poverty were eradicated. It warned that the demand for this practice “already exceeds the supply” and that many women who do not wish to participate may find themselves pressured or even coerced into doing so by family members.The text also addressed the rights of children, who are reduced to an item to be ordered “within an industrial and dehumanized logic.” The statement from the Holy See also denounced the commodification of babies and the fact that many are considered “a defective product” when they have a disability.This attitude “runs contrary to a just society in which children can grow and flourish. Children, in fact, possess rights and interests that must be respected, beginning with “a moral right to be created in an act of love,” as well as the right “to know their parents and to be cared for by them,” according to the statement.Although the Holy See acknowledged the “very real and understandable desire to have children,” it maintained that these issues cannot simply be resolved through the regulation of surrogacy. The Permanent Mission of the Holy See to the U.N. commended the decision of the Hague Conference on Private International Law not to proceed with the drafting of a convention on legal parentage in cases of surrogacy.Caccia also recalled the words of Pope Leo XIV, who affirmed that, by transforming gestation into a negotiable service, one “violates the dignity both of the child, who is reduced to a ‘product,’ and of the mother, exploiting her body and the generative process, and distorting the original relational calling of the family.”The Holy See urged that new steps be taken “toward ending this practice in all its forms and at all levels,” with the aim of protecting women and children “from exploitation and violence.”This story was first published by ACI Prensa, the Spanish-language sister service of EWTN News. It has been translated and adapted by EWTN News English.

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Archbishop Gabriele Caccia, the Holy See’s permanent observer to the United Nations, laid out the economic reasons surrogacy exists, the harm it does, and why it is wrong.

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10,000 Austrian students petition to end mandatory fees funding abortions #Catholic More than 10,000 Austrian university students have signed a petition demanding that the Austrian National Union of Students (ÖH, by its German acronym) abolish its so-called “Repro Fund,” a program that uses mandatory student fees to finance abortions.The petition, organized by ProLife Europe in partnership with CitizenGo, was formally submitted on March 11 to the authorities responsible for administering the fund. Titled “No Student Funds for Killing Human Beings,” the initiative was launched after the ÖH introduced financial assistance for abortions through the Repro Fund.According to the ÖH’s published budget for the 2025-2026 academic year, 18,000 euros have been allocated to cover abortion costs, with plans outlined in the student union’s coalition agreement to expand the fund in the coming years.Petition organizers argue that the policy forces students to subsidize abortions regardless of their moral convictions.“The targeted financing of abortions is incompatible with the freedom of conscience of many students and represents an ethically absolutely indefensible decision,” the petition states.Mandatory student feesIn Austria, all university students must pay a mandatory contribution to the ÖH as part of their semester enrollment.If a student fails to pay the fee, enrollment cannot be completed. This means the student loses official student status for that semester and is barred from attending courses or taking examinations. Nonpayment also results in the loss of student accident insurance, which is normally included as part of enrollment.Because the ÖH contribution is embedded in the legal structure of university registration, students cannot opt out of supporting the organization or its programs, regardless of whether they agree with its political positions or spending decisions.Pro-life petitioners say this system effectively compels students to fund abortions through their mandatory contributions.Student mobilization exceeds expectationsMaria Czernin, president of ProLife Europe, told EWTN News that the petition’s response exceeded expectations in Austria, where public mobilization on civil issues is often limited.“For a three-month petition in Austria, this is a very strong result,” Czernin said. “People here tend to be more reserved in public campaigns, so reaching more than 10,000 signatures is significant.”Organizers initially hoped to gather around 8,000 signatures, she said, but the campaign surpassed that target before the petition closed.The ÖH, Austria’s national student union, is elected democratically by university students. As a result, the Repro Fund was introduced through decisions taken by the organization’s governing coalition.During campus outreach efforts linked to the petition, ProLife Europe volunteers spoke with students who did not identify as pro-life but nevertheless objected to the use of mandatory student fees to fund abortions.“We encountered students who were not pro-life, but they still felt that their money should not be used for this,” Czernin said. “That says a lot about how controversial this program is.”She added that the program remains relatively unknown across many Austrian universities. Organizers believe that if awareness of the funds were more widespread, opposition would grow further.A message to policymakersCzernin said the petition is also intended as a signal to Eva-Maria Holzleitner, Austrian minister for women, science, and research, whose ministry oversees higher education policy.“I hope this petition reaches Minister Holzleitner as a strong sign from students,” she said. “It shows that many students clearly stand against this cooperation and against using their mandatory contributions in this way.”Beyond the immediate funding issue, Czernin explained that abortion should not be promoted as a solution for students facing academic or financial challenges.“There is no evidence that abortion helps women finish their studies,” she said. “But there is substantial research indicating that abortion can negatively affect women’s mental health.”She added that many women have successfully completed their studies while continuing their pregnancies, explaining that support structures for student mothers would be a more constructive response to the pressures some students face.Austria’s abortion landscapeIn Austria, abortion is permitted during the first three months of pregnancy.The law does not formally declare abortion a legal right. Instead, it states that the procedure is not punishable if it is performed by a physician within the first trimester following a prior medical consultation.There is no mandatory waiting period and no requirement for counseling from an independent advisory service. The consultation requirement is limited to a discussion with a doctor before the procedure.Abortion services are generally not covered by Austria’s public health insurance system and must typically be paid for privately. Because of this, women are not required to be registered residents of Austria or enrolled in Austrian health insurance to obtain an abortion in the country.Abortions are also not subject to mandatory reporting requirements and personal information about women undergoing the procedure is not shared with authorities.
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10,000 Austrian students petition to end mandatory fees funding abortions #Catholic More than 10,000 Austrian university students have signed a petition demanding that the Austrian National Union of Students (ÖH, by its German acronym) abolish its so-called “Repro Fund,” a program that uses mandatory student fees to finance abortions.The petition, organized by ProLife Europe in partnership with CitizenGo, was formally submitted on March 11 to the authorities responsible for administering the fund. Titled “No Student Funds for Killing Human Beings,” the initiative was launched after the ÖH introduced financial assistance for abortions through the Repro Fund.According to the ÖH’s published budget for the 2025-2026 academic year, 18,000 euros have been allocated to cover abortion costs, with plans outlined in the student union’s coalition agreement to expand the fund in the coming years.Petition organizers argue that the policy forces students to subsidize abortions regardless of their moral convictions.“The targeted financing of abortions is incompatible with the freedom of conscience of many students and represents an ethically absolutely indefensible decision,” the petition states.Mandatory student feesIn Austria, all university students must pay a mandatory contribution to the ÖH as part of their semester enrollment.If a student fails to pay the fee, enrollment cannot be completed. This means the student loses official student status for that semester and is barred from attending courses or taking examinations. Nonpayment also results in the loss of student accident insurance, which is normally included as part of enrollment.Because the ÖH contribution is embedded in the legal structure of university registration, students cannot opt out of supporting the organization or its programs, regardless of whether they agree with its political positions or spending decisions.Pro-life petitioners say this system effectively compels students to fund abortions through their mandatory contributions.Student mobilization exceeds expectationsMaria Czernin, president of ProLife Europe, told EWTN News that the petition’s response exceeded expectations in Austria, where public mobilization on civil issues is often limited.“For a three-month petition in Austria, this is a very strong result,” Czernin said. “People here tend to be more reserved in public campaigns, so reaching more than 10,000 signatures is significant.”Organizers initially hoped to gather around 8,000 signatures, she said, but the campaign surpassed that target before the petition closed.The ÖH, Austria’s national student union, is elected democratically by university students. As a result, the Repro Fund was introduced through decisions taken by the organization’s governing coalition.During campus outreach efforts linked to the petition, ProLife Europe volunteers spoke with students who did not identify as pro-life but nevertheless objected to the use of mandatory student fees to fund abortions.“We encountered students who were not pro-life, but they still felt that their money should not be used for this,” Czernin said. “That says a lot about how controversial this program is.”She added that the program remains relatively unknown across many Austrian universities. Organizers believe that if awareness of the funds were more widespread, opposition would grow further.A message to policymakersCzernin said the petition is also intended as a signal to Eva-Maria Holzleitner, Austrian minister for women, science, and research, whose ministry oversees higher education policy.“I hope this petition reaches Minister Holzleitner as a strong sign from students,” she said. “It shows that many students clearly stand against this cooperation and against using their mandatory contributions in this way.”Beyond the immediate funding issue, Czernin explained that abortion should not be promoted as a solution for students facing academic or financial challenges.“There is no evidence that abortion helps women finish their studies,” she said. “But there is substantial research indicating that abortion can negatively affect women’s mental health.”She added that many women have successfully completed their studies while continuing their pregnancies, explaining that support structures for student mothers would be a more constructive response to the pressures some students face.Austria’s abortion landscapeIn Austria, abortion is permitted during the first three months of pregnancy.The law does not formally declare abortion a legal right. Instead, it states that the procedure is not punishable if it is performed by a physician within the first trimester following a prior medical consultation.There is no mandatory waiting period and no requirement for counseling from an independent advisory service. The consultation requirement is limited to a discussion with a doctor before the procedure.Abortion services are generally not covered by Austria’s public health insurance system and must typically be paid for privately. Because of this, women are not required to be registered residents of Austria or enrolled in Austrian health insurance to obtain an abortion in the country.Abortions are also not subject to mandatory reporting requirements and personal information about women undergoing the procedure is not shared with authorities.

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Pro-life students are demonstrating against the “Repro Fund,” a program that uses mandatory student fees to finance abortions.

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Catholic digital assets company about to mint its first stablecoin #Catholic On March 15, a Catholic digital assets company known as Crescite Innovation Corporation will mint its first stablecoin, called Catholic USD.Stablecoins such as Catholic USD are a type of digital asset that is backed by and will have a 1-to-1 value equivalence with the U.S. dollar (and are not to be confused with cryptocurrencies like bitcoin).Catholic USDs can be used to make purchases from or donations to Catholic organizations the same way they would with any other payment method stored in smartphone wallets.Donations and other financial transactions can take place all over the world and will be nearly instantaneous, fee-free, and secure, thanks to blockchain technology, Eddie Cullen, co-founder of Crescite, told EWTN News.With blockchain technology, which has enabled the development of unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins, traditional banks are no longer required to transfer or store money because all transactions are transparent and verifiable through the blockchain, which securely links together “blocks” of digital records.“Traditional banks are like Blockbuster video, and digital assets are like the streaming services we all use today,” Cullen said.“People will no longer need traditional banks, thanks to this new technology,” he continued.Cullen and his co-founder, Karl Kilb III, started Crescite “because we love the Church,” Cullen said. “We want Catholics to be at the forefront of this new technology, and we’re using it to enable greater access to resources for people and to do good.”“The only difference between us and banks is that they take your money and leverage it to make a profit,” Cullen said. “What we’re doing is we’re taking that leverage, and we’re giving it away to Catholic institutions and causes.”“We created Crescite to be at the intersection of faith and technology, using innovation to help those in need, and society as a whole,” Kilb said. “The Catholic community is global, with numerous organizations, projects, and causes that need sustainable, transparent funding, and we are leveraging blockchain technology to build such an ecosystem.”When a person buys Catholic USD, Crescite will invest that money in vehicles including U.S. Treasury bonds and will put 100% of that yield into a charity fund known as the Catholic Global Mercy Trust.The trust will fund Catholic poverty relief efforts, hospitals, schools, and other causes all over the world.“When we look at our work, it’s really a Catholic digital asset ecosystem,” Cullen said. “We have our stablecoin, and we are going to build upon that.”The money Crescite takes in through the sale of Catholic USD will be custodied, or held, in a digital wallet by a financial technology company known as BitGo, which in January completed its initial public offering (IPO) and began trading on the New York Stock Exchange. It is also chartered under U.S. law and authorized by the Office of the Comptroller of the Currency. BitGo is “the platform that’s issuing the stablecoin,” Cullen said. It and Crescite will have no intermingled investments.The funds Crescite holds are also insured.“Crescite” means to increase or grow in Latin. Cullen said he and Kilb, who co-own the company and founded it together in 2021, chose the name after reflecting on the effects of God’s touch on man-made things, as portrayed in the image of God’s hand touching Adam’s in Michaelangelo’s famous painting on the ceiling of the Sistine Chapel.Cullen said the name also refers to Genesis 1:28, when God tells Adam to “Be fruitful (increase) and multiply.”Bitcoin, the first cryptocurrencyThe first cryptocurrency, which is very different from the stablecoin Crescite is issuing, was bitcoin, which came out in 2009 and whose inventor or inventors, known as Satoshi Nakamoto, is/are still unknown.Bitcoin emerged as “pushback” to the 2008 financial crisis, according to The Catholic University of America Busch School of Business Professor Kevin May, who told EWTN News that consumers wanted something more “sound and reliable” than our current financial system after the crisis.Bitcoin is decentralized and is the only true “open source” cryptocurrency, according to May.Bitcoin’s inventors no longer had “trust in the current financial system,” where “the banks and bankers took bets; when they were right they privatized all the gains, and when they were wrong, they got bailed out and rebought their own shares,” May said. “Hardly any of them got in trouble” while the financial markets and consumers paid for their actions.The value of bitcoin has gone from several pennies at its initial launch to a high of 6,000 in October 2025. Currently, one bitcoin is valued at about ,000.Exchanges now exist where people can buy and sell bitcoin. There are even bitcoin-linked credit cards.Bitcoin, however, is a true cryptocurrency in that it is not insured or backed by any currency, and it is not regulated by the federal government, meaning it could collapse at any moment and investors could lose their money.A benefit of a cryptocurrency like bitcoin, according to May, is that it can “bank the unbanked, especially in societies where you cannot trust the leadership.”He used the example of a coffee farmer in Uganda who could trade in bitcoin and essentially have “his own bank on his cellphone,” without having to deal with a corrupt or inefficient system.The difference between ‘cryptocurrency’ and ‘digital assets’Digital assets like Catholic USD and cryptocurrencies such as bitcoin are alternatives to traditional financial institutions and government-backed currency made possible by blockchain technology.However, the terms “digital assets” and “cryptocurrency” mean different things: Digital assets refer to stablecoins as well as tokenized securities, commodities, and other digital representations of real-world assets that do not imply the unregulated, speculative trading or volatility inherent with bitcoin.Cullen explained that this is a major difference between bitcoin and stablecoins such as Catholic USD, which is actually backed by the U.S. dollar and will be regulated by the recently passed GENIUS Act, which is expected to increase the growth of and trust in stablecoins through clear regulatory rules.Other existing stablecoins include USD1, which, like Catholic USD, is also a U.S. dollar-pegged stablecoin (designed to maintain a 1-to-1 value with the U.S. dollar).USD1 was launched in March 2025 by World Liberty Financial, a decentralized finance (DeFi) platform and cryptocurrency venture closely associated with President Donald Trump and his family, though disclaimers emphasize that the Trump family are not officers or directors and that the cryptocurrency is not politically affiliated or endorsed.A company called Tether Unlimited issued a stablecoin, USDT, which is the longest-running and largest U.S. dollar-pegged stablecoin, launched in 2014 and with a market cap around 4 billion (as of early 2026). It holds roughly 60%-70% of the total stablecoin market share with 534 million users as of early this year.The GENIUS ActPassed with bipartisan support and signed into law by Trump in July 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act establishes a clear, regulatory framework that legitimizes payment stablecoins and digital asset infrastructure.It aims to preserve U.S. dollar leadership globally while allowing responsible private-sector innovation under defined guardrails.Under the act, qualified nonbank entities may issue payment stablecoins under federal or state supervision, while banks and affiliates may also participate. This dual pathway is intended to foster competition, reduce concentration risk, and avoid stifling innovation.Critics note the GENIUS Act does not fully address illicit finance risks in decentralized systems such as bitcoin, however.
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Catholic digital assets company about to mint its first stablecoin #Catholic On March 15, a Catholic digital assets company known as Crescite Innovation Corporation will mint its first stablecoin, called Catholic USD.Stablecoins such as Catholic USD are a type of digital asset that is backed by and will have a 1-to-1 value equivalence with the U.S. dollar (and are not to be confused with cryptocurrencies like bitcoin).Catholic USDs can be used to make purchases from or donations to Catholic organizations the same way they would with any other payment method stored in smartphone wallets.Donations and other financial transactions can take place all over the world and will be nearly instantaneous, fee-free, and secure, thanks to blockchain technology, Eddie Cullen, co-founder of Crescite, told EWTN News.With blockchain technology, which has enabled the development of unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins, traditional banks are no longer required to transfer or store money because all transactions are transparent and verifiable through the blockchain, which securely links together “blocks” of digital records.“Traditional banks are like Blockbuster video, and digital assets are like the streaming services we all use today,” Cullen said.“People will no longer need traditional banks, thanks to this new technology,” he continued.Cullen and his co-founder, Karl Kilb III, started Crescite “because we love the Church,” Cullen said. “We want Catholics to be at the forefront of this new technology, and we’re using it to enable greater access to resources for people and to do good.”“The only difference between us and banks is that they take your money and leverage it to make a profit,” Cullen said. “What we’re doing is we’re taking that leverage, and we’re giving it away to Catholic institutions and causes.”“We created Crescite to be at the intersection of faith and technology, using innovation to help those in need, and society as a whole,” Kilb said. “The Catholic community is global, with numerous organizations, projects, and causes that need sustainable, transparent funding, and we are leveraging blockchain technology to build such an ecosystem.”When a person buys Catholic USD, Crescite will invest that money in vehicles including U.S. Treasury bonds and will put 100% of that yield into a charity fund known as the Catholic Global Mercy Trust.The trust will fund Catholic poverty relief efforts, hospitals, schools, and other causes all over the world.“When we look at our work, it’s really a Catholic digital asset ecosystem,” Cullen said. “We have our stablecoin, and we are going to build upon that.”The money Crescite takes in through the sale of Catholic USD will be custodied, or held, in a digital wallet by a financial technology company known as BitGo, which in January completed its initial public offering (IPO) and began trading on the New York Stock Exchange. It is also chartered under U.S. law and authorized by the Office of the Comptroller of the Currency. BitGo is “the platform that’s issuing the stablecoin,” Cullen said. It and Crescite will have no intermingled investments.The funds Crescite holds are also insured.“Crescite” means to increase or grow in Latin. Cullen said he and Kilb, who co-own the company and founded it together in 2021, chose the name after reflecting on the effects of God’s touch on man-made things, as portrayed in the image of God’s hand touching Adam’s in Michaelangelo’s famous painting on the ceiling of the Sistine Chapel.Cullen said the name also refers to Genesis 1:28, when God tells Adam to “Be fruitful (increase) and multiply.”Bitcoin, the first cryptocurrencyThe first cryptocurrency, which is very different from the stablecoin Crescite is issuing, was bitcoin, which came out in 2009 and whose inventor or inventors, known as Satoshi Nakamoto, is/are still unknown.Bitcoin emerged as “pushback” to the 2008 financial crisis, according to The Catholic University of America Busch School of Business Professor Kevin May, who told EWTN News that consumers wanted something more “sound and reliable” than our current financial system after the crisis.Bitcoin is decentralized and is the only true “open source” cryptocurrency, according to May.Bitcoin’s inventors no longer had “trust in the current financial system,” where “the banks and bankers took bets; when they were right they privatized all the gains, and when they were wrong, they got bailed out and rebought their own shares,” May said. “Hardly any of them got in trouble” while the financial markets and consumers paid for their actions.The value of bitcoin has gone from several pennies at its initial launch to a high of $126,000 in October 2025. Currently, one bitcoin is valued at about $70,000.Exchanges now exist where people can buy and sell bitcoin. There are even bitcoin-linked credit cards.Bitcoin, however, is a true cryptocurrency in that it is not insured or backed by any currency, and it is not regulated by the federal government, meaning it could collapse at any moment and investors could lose their money.A benefit of a cryptocurrency like bitcoin, according to May, is that it can “bank the unbanked, especially in societies where you cannot trust the leadership.”He used the example of a coffee farmer in Uganda who could trade in bitcoin and essentially have “his own bank on his cellphone,” without having to deal with a corrupt or inefficient system.The difference between ‘cryptocurrency’ and ‘digital assets’Digital assets like Catholic USD and cryptocurrencies such as bitcoin are alternatives to traditional financial institutions and government-backed currency made possible by blockchain technology.However, the terms “digital assets” and “cryptocurrency” mean different things: Digital assets refer to stablecoins as well as tokenized securities, commodities, and other digital representations of real-world assets that do not imply the unregulated, speculative trading or volatility inherent with bitcoin.Cullen explained that this is a major difference between bitcoin and stablecoins such as Catholic USD, which is actually backed by the U.S. dollar and will be regulated by the recently passed GENIUS Act, which is expected to increase the growth of and trust in stablecoins through clear regulatory rules.Other existing stablecoins include USD1, which, like Catholic USD, is also a U.S. dollar-pegged stablecoin (designed to maintain a 1-to-1 value with the U.S. dollar).USD1 was launched in March 2025 by World Liberty Financial, a decentralized finance (DeFi) platform and cryptocurrency venture closely associated with President Donald Trump and his family, though disclaimers emphasize that the Trump family are not officers or directors and that the cryptocurrency is not politically affiliated or endorsed.A company called Tether Unlimited issued a stablecoin, USDT, which is the longest-running and largest U.S. dollar-pegged stablecoin, launched in 2014 and with a market cap around $184 billion (as of early 2026). It holds roughly 60%-70% of the total stablecoin market share with 534 million users as of early this year.The GENIUS ActPassed with bipartisan support and signed into law by Trump in July 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act establishes a clear, regulatory framework that legitimizes payment stablecoins and digital asset infrastructure.It aims to preserve U.S. dollar leadership globally while allowing responsible private-sector innovation under defined guardrails.Under the act, qualified nonbank entities may issue payment stablecoins under federal or state supervision, while banks and affiliates may also participate. This dual pathway is intended to foster competition, reduce concentration risk, and avoid stifling innovation.Critics note the GENIUS Act does not fully address illicit finance risks in decentralized systems such as bitcoin, however.

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Catholic entrepreneurs Eddie Cullen and Karl Kilb want to use new financial technologies to benefit the Catholic Church and its charitable work.

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