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☆ Pope’s Remarks on ‘Reactionary’ U.S. Catholics Rankle, and Resonate
▼ + stars: | 2023-09-01 | by ( Ruth Graham | More About Ruth Graham | ) www.nytimes.com time to read: +1 min

When Pope Francis spoke of “a very strong, organized, reactionary attitude” that opposes him within the Roman Catholic Church in the United States and, in comments that became public this week, warned against letting “ideologies replace faith,” some American Catholics recognized their church immediately. “He is 100 percent right,” said the Rev. James Martin, a Jesuit priest and commentator who is considered an ally of Francis. The opposition to Francis within the American church now, he said, “far outstrips the fierceness of the opposition to Saint John Paul II and Pope Benedict,” the two previous popes. When Father Martin visits Rome these days, he said, the first question many people there ask him is, “What is going on in the U.S.?”It’s essentially the same question that prompted the pope’s sharply critical remarks, which were made impromptu last month and published this week by the Vatican-approved Jesuit journal La Civiltà Cattolica.

Persons: Pope Francis, ”, James Martin, Francis, Saint John Paul II, Pope Benedict, Father Martin, It’s Organizations: Roman Catholic Church, Jesuit, Vatican Locations: United States, Rome, U.S, Cattolica

☆ Pope keen to 'move on' after criticism of US Catholic Church
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

ABOARD THE PAPAL PLANE, Aug 31 (Reuters) - Pope Francis acknowledged on Thursday that his recent remarks calling out the U.S. Catholic Church as "reactionary" have ruffled feathers, and added that he wanted to "move on" from the controversy. "They got angry, but let's move on, move on," Francis told a journalist on the plane taking him to Mongolia. On Monday, the Jesuit magazine Civilta Cattolica published comments Francis made while meeting Jesuit priests in Lisbon for World Youth Day in early August. "You have seen that in the United States the situation is not easy: there is a very strong reactionary attitude. It is organised and shapes the way people belong, even emotionally," the pope responded.

Persons: Pope Francis, Francis, Cattolica, Phil Pullella, Alvise Armellini, Nick Macfie Organizations: . Catholic, U.S . Church, Jesuit, Thomson Locations: Mongolia, Lisbon, Portuguese, United States

ROME — Pope Francis has expressed in unusually sharp terms his dismay at “a very strong, organized, reactionary attitude” opposing him within the U.S. Roman Catholic Church, one that fixates on social issues like abortion and sexuality to the exclusion of caring for the poor and the environment. The pope lamented the “backwardness” of some American conservatives who he said insist on a narrow, outdated and unchanging vision. They refuse, he said, to accept the full breadth of the Church’s mission and the need for changes in doctrine over time. “I would like to remind these people that backwardness is useless,” Francis, 86, told a group of fellow Jesuits early this month in a meeting at World Youth Day celebrations in Lisbon. In other words, ideologies replace faith.”His words became public this week, when a transcript of the conversation was published by the Vatican-vetted Jesuit journal La Civiltà Cattolica.

Persons: ROME — Pope Francis, “, ” Francis, ” Organizations: . Roman Catholic Church, Vatican Locations: Lisbon, “, Cattolica

☆ Pope Francis laments "reactionary," politicised, US Catholic Church
▼ + stars: | 2023-08-28 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

Pope Francis leads the Angelus prayer from his window at the Vatican, August 27, 2023. Vatican Media/Handout via REUTERS/File photo Acquire Licensing RightsVATICAN CITY, Aug 28 (Reuters) - Pope Francis has lamented what he called a "reactionary" Catholic Church in the United States, where he said political ideology has replaced faith in some cases. "You have seen that in the United States the situation is not easy: there is a very strong reactionary attitude. "You have been to the United States and you say you have felt a climate of closure. In other words, ideology replaces faith, membership in a sector of the Church replaces membership in the Church," he said.

Persons: Pope Francis, Francis, Cardinal Raymond Burke, Philip Pullella, Angus MacSwan Organizations: Vatican, Handout, REUTERS, CITY, Catholic, U.S . Church, Jesuit, Thomson Locations: United States, Lisbon, Portuguese, Rome

TUA Assicurazioni, a non-life company founded in 2003, is valued at around 300 million euros ($335 million), according to the sources. Two sources mentioned German insurance heavyweight Allianz (ALVG.DE), fellow German insurer Talanx (TLXGn.DE) and France's Groupama as potential bidders. One of them also named Italy's Itas as one of up to five parties that could bid in the second round. Talanx has expressed interest in ICCREA's non-life business and is competing with Swiss Helvetia Group (HELN.S), Groupama and Italian cooperative insurer Assimoco. ($1 = 0.8946 euros)Additional reporting by Gianluca Semarero in Milan, writing by Keith Weir Editing by Keith Weir and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: TUA, TUA Assicurazioni, Italy's, ICCREA, Talanx, Rothschild, Mediobanca, Groupama, Gianluca Semarero, Keith Weir, Louise Heavens Organizations: Generali, Cattolica, Allianz, Swiss Helvetia Group, Itas, Thomson Locations: MILAN, Generali, Mediobanca, Talanx, Milan

☆ Italy is a bargain for vacationing Americans. Not so much for Italians
▼ + stars: | 2023-06-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Rimini, Italy. The Jersey Shore, but not Unlike Americans, Italians do not just plunk down their beach bag and dive in the ocean. A bargain for Americans, but not for Italians Italy is heavily reliant on tourism. For Americans, Europe in general but the smaller cities of Italy in particular are a great value. It's a bargain for Americans but, for most Italians, even those prices are out of reach.

Persons: Federico Fellini, Vita, It's, Fellini, He's, That's Organizations: Istock, Getty, Ferraris, cabana, Business, Tourists, gondoliers, OECD, European Union Locations: Rimini, Italy, RIMINI, ITALY, Jersey Shore, Ancona, Emilia, Romagna, Europe, Parma, Modena, Bologna, Ravenna, Jersey, Cattolica, Adriatic, Croatia, Albania, Venice, St

☆ Pope says Argentina government wanted 'my head' when he was in Buenos Aires
▼ + stars: | 2023-05-09 | by ( Philip Pullella | ) www.reuters.com time to read: +3 min

VATICAN CITY, May 9 (Reuters) - Pope Francis said that when he was archbishop of Buenos Aires more than a decade ago, the Argentine government wanted "to cut my head off" by backing false accusations that he had collaborated with the military dictatorship of the 1970s. Francis has always denied this and when he was elected pope, Jalics issued a statement saying the arrest was not the future pope's fault. In 2010, by which time the future pope had become archbishop of Buenos Aires, he testified before a three-judge panel investigating the period of dictatorship. The pope did not give details but as archbishop of Buenos Aires, he had an often rocky relationship with the government of President Cristina Fernandez de Kirchner, who served in that role from 2007-2015. She accused him of taking sides politically, mostly during his visits to Buenos Aires shanty towns, and once avoided him by shunning a traditional Mass in the Argentine capital.

MILAN, April 26 (Reuters) - Italian unlisted cooperative banking group ICCREA is awaiting by the end of May offers for its insurance business which it values at up to 950 million euros ($1.05 billion) in total, sources with knowledge of the matter said on Wednesday. ICCREA bought out its partner Cattolica, an Italian insurer now owned by bigger peer Generali (GASI.MI), after their accord expired at the end of last year and was not renewed, the three sources said. Cattolica and ICCREA had agreed in 2019 to extend until the end of 2022 their partnership under a deal that saw Cattolica raise to 70% its ownership of their insurance joint-ventures BCC Vita and BCC Assicurazioni. Now in possession of 100% of its insurance business, ICCREA is working with adviser KPMG to select new partners for both its life- and non-life divisions, the sources said. ICCREA Director General Mauro Pastore said in February the bank expected to select one or more partners for its insurance business by the end of the year.

☆ Italy may have staved off recession, economy minister says
▼ + stars: | 2023-03-06 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +3 min

However, he did warn that European Central Bank rate rises would pose "serious problems" for high-debt countries such as Italy. An economic recession is widely defined as two consecutive quarters of declining GDP and the euro zone's third largest economy shrank 0.1% in the fourth quarter of 2022 from the previous three months. Prime Minister Giorgia Meloni's administration is due to unveil its new growth estimates and public finance targets next month. Annual growth is now expected at almost 1%, up from the 0.6% target set in November, a Treasury official has previously said. With the European Central Bank (ECB) raising interest rates, Giorgetti said Italy should keep following a "cautious and responsible" fiscal policy in order to lower its public debt.

☆ Credit Agricole, AXA to bid this week for Banco BPM's insurance deal-sources
▼ + stars: | 2022-10-18 | by ( Andrea Mandala | ) www.reuters.com time to read: +2 min

Credit Agricole has bought 9.2% of Banco BPM this year with a view to expanding their strategic partnerships beyond consumer finance. Insurance and asset management, which Banco BPM has put at the core of its profit strategy, are seen as the obvious candidates. Banco BPM, AXA, Credit Agricole and Generali all declined to comment. Banco BPM CEO Giuseppe Castagna recently said the bank was in no rush to select an insurance partner. In August Banco BPM had indicated it would take a decision by the end of the year.

☆ Cinven seeks deal for Eurovita to meet demands to raise $250 million in capital
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

MILAN, Sept 20 (Reuters) - Italy's insurance watchdog has told life insurer Eurovita to quickly boost its capital reserves by around 250 million euros ($250 million), prompting its owner British private equity firm Cinven to seek a sale, sources said. Three sources close to the matter said Cinven, which last year unsuccessfully attempted to sell Eurovita, was again working with advisers Deutsche Bank and Citi to find a buyer. Italian daily MF reported earlier this month specialist life insurer Athora was eyeing Eurovita, after it entered the Italian market last year with the acquisition of mid-sized player Amissima Vita. Like other Italian insurers, Eurovita has seen premiums shrink during the pandemic. Demands by IVASS for insurer Cattolica to raise capital eventually led to its takeover by bigger rival Generali.

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