The Pope has denounced the "scandalous" amounts of money which governments and world institutions have found to save ailing banks, but not suffering people.
Pope Francis called these policies a "bankruptcy of humanity" and said the world was ignoring people in need, including migrants who are dying as they try to cross the Mediterranean.
The pontiff was speaking during a meeting at the Vatican with an international group which included environmentalists, union activists and indigenous rights activists.
A Syrian refugee woman tries to clean the mud from her clothes in an improvised camp on the border line between Macedonia and Serbia, near northern Macedonian.
The pope said: "What happens in the world of today is that when a bank is bankrupt, scandalous sums immediately appear to save it."
He said that while this goes on, much smaller amounts of money cannot be found "to save the brothers that suffer so much".
Pope Francis has previously spoken out reminding world leaders that Jesus was a refugee and that everyone has a duty to welcome in those fleeing harm and persecution.
A Monthly Gift Of $11 Makes A World Of Difference
In a world of fake news there’s never been a greater need for quality Christian journalism. Premier’s mission is to provide the Church with the most up to date and relevant news, told from a Christian perspective. But we can’t do it without you.
Unlike many websites we haven't put up a paywall — we want to keep our journalism free at the point of need and as open as we can. Premier’s news output takes a lot of time, money and hard work to produce. No one in the USA is sharing news like we are across radio, magazines and online so please help us to continue that today.
For a monthly gift of $11 or more we’d also be able to send you a free copy of the brand new Premier Bible, a wonderful Anglicised version of the NLT packed with exclusive bonus content, reading plan and resources to help you get the most out of scripture.
Your monthly support will make a world of difference. Thank you.
Sorry, your web browser is not capable of supporting the features required by this website. We advise you upgrade your web browser before continuing to use this website.
The following web browsers are supported by this website:
Apple web kit UI:
Version 537 or later
Microsoft Internet Explorer:
Version 11 or later
Microsoft Edge:
Any version
Google Chrome:
Version 70 or later
Mozilla Firefox:
Version 65 or later
Apple Safari:
Version 601 or later
Opera:
Version 60 or later
Facebook App:
Any version
Twitter App:
Any version
Please contact your system administrator if you require assistance upgrading or changing your web browser. We will not notify you again about this until you next restart your browser.