Vatican urges economic reform, condems collective greed

Vatican urges economic reform, condemns collective greed
Update 2
Reuters - 24 Oct 2011

* Document also calls for "Central World Bank"

* Condemns "idolatry of the market"

* Urges Wall Street to examine its impact on humanity

* Says reform should start under U.N. auspices (Recasts, adds more on document encouraging reform movements)

By Philip Pullella

VATICAN CITY, Oct 24 (Reuters) - - The Vatican called on Monday for sweeping reforms of the world economy and the creation of a ethical, global authority to regulate financial markets as demonstrations against corporate greed continued to spring up in major cities across the globe.

Full Text: Note on financial reform from the Ponticial Council for Justice and Peace