Reuters reports: Pope Francis said in the first peace message of his pontificate that huge salaries and bonuses are symptoms of an economy based on greed and inequality and called again for nations to narrow the wealth gap.

In his message for the Roman Catholic Church’s World Day of Peace, marked around the world on January 1, he also called for sharing of wealth and for nations to shrink the gap between rich and poor, more of whom are getting only “crumbs”.

“The grave financial and economic crises of the present time … have pushed man to seek satisfaction, happiness and security in consumption and earnings out of all proportion to the principles of a sound economy,” he said.

“The succession of economic crises should lead to a timely rethinking of our models of economic development and to a change in lifestyles,” he said.

Francis, who was named Time magazine’s Person of the Year on Wednesday, has urged his own Church to be more fair, frugal and less pompous and to be closer to the poor and suffering.

His message will be sent to national leaders, international organizations such as the United Nations, and NGO’s.

Titled “Fraternity, the Foundation and Pathway to Peace“, the message also attacked injustice, human trafficking, organized crime and the weapons trade as obstacles to peace.