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Cardinals Who Could Succeed Pope Francis

by News Editor

Shortly, the Roman Catholic Church cardinals will convene in the Sistine Chapel for a conclave, a secret ballot election, to choose a successor to Pope Francis. Among the top contenders for this sacred position are:

Leading Candidates to Succeed Pope Francis

Jean-Marc Aveline (France): The Archbishop of Marseille, elevated to cardinal in 2022, shares many of Pope Francis’s perspectives but has been cautious regarding the blessing of same-sex unions. Known for resemblance to Pope John XXIII, Aveline, at 66, might echo the past prediction of the next pope being John XXIV.

Péter Erdő (Hungary): At 71, the Archbishop of Budapest and Primate of Hungary has long been a favorite. Having chaired the European Episcopal Conferences in 2005 and 2011, Erdő’s stance against same-sex marriage and his skepticism toward welcoming migrants suggest conservative support.

Pietro Parolin (Italy): As the Vatican’s Secretary of State since 2014, 70-year-old Parolin is celebrated for his diplomacy, notably engaging in Middle East and China negotiations. However, the Vatican-China agreement of 2018 drew criticism over perceived concessions.

Marc Ouellet (Canada): The 80-year-old has repeatedly been considered for the papacy, even as recently as 2013. As a staunch conservative, Ouellet opposes same-sex marriage and female ordination even as deacon.

Luis Tagle (Philippines): Once deemed a rising star by Francis, Tagle, 67, has criticized harsh church language towards marginalized groups while promoting more inclusive church policies.

Matteo Zuppi (Italy): Known for his advocacy for the poor and migrants, Archbishop Zuppi, 69, also supports LGBTQ+ blessings, mirroring Pope Francis’s more progressive policies, yet he is against the ordination of women.

Fridolin Ambongo (Congo): At 65, the Archbishop of Kinshasa and a recent cardinal, Ambongo took a firm stand against same-sex blessings, labeling them inherently evil.

Robert Sarah (Guinea): Sarah, 79, is recognized for his devoutly conservative positions. Strongly opposing abortion and same-sex marriage, he often warns against the rise of Islam.

Mario Grech (Malta): As the Secretary-General of the Synod of Bishops, Grech, 68, has shown a shift toward inclusivity, suggesting potential openness to female deacons.

Who Else Might Succeed Pope Francis?

Speculations are rife with nearly twenty cardinals under consideration. Names like Anders Arborelius, Charles Maung Bo, François-Xavier Bustillo, Pierbattista Pizzaballa, and Juan José Omella are often mentioned among possible papabili.

How is a New Pope Elected?

In the event of the pope’s passing, cardinals younger than 80 years will gather in the Sistine Chapel to undertake the conclave process. This crucial event happens between 15 and 20 days post-death. A two-thirds majority is necessary to elect a new pope. Unsuccessful rounds are noted by black smoke, while white smoke heralds the selection of a new pope. This traditional process sometimes extends several days; however, Pope Francis was elected in less than 24 hours.

Key Context

Pope Francis, born Jorge Mario Bergoglio in Argentina, has died at 88 after pioneering a somewhat progressive papacy beginning in 2013, following Pope Benedict XVI’s historic resignation. His papal name honors St. Francis of Assisi, emulating a life dedicated to poverty.

During his tenure, Pope Francis advocated for greater acceptance of LGBTQ+ individuals and criticized abortion laws, albeit taking a conservative stance against gender theory. In 2023, the Vatican declared priests could bless same-sex couples, but Francis later nuanced this stance, emphasizing blessings for love but not recognizing same-sex unions as marriages.

With bold calls for inclusive clerical participation and immigrant support, Pope Francis’s legacy is marked by a complex interplay of traditional and progressive values as the Cardinal Conclave looms on the ecclesiastical horizon.

Foreign-Controlled Firms In Cyprus Punch Above Their Weight With More Than 40,000 Jobs

by THEFUTURE.TEAM

Foreign-controlled enterprises may represent only a modest slice of Cyprus’ business landscape, but their economic footprint is anything but small. In 2024, these firms accounted for 10% of employment in the country and generated €4.76 billion in value added, according to Eurostat.

A Small Group With Outsized Economic Impact

Eurostat’s data show that 681 foreign-controlled enterprises were operating in Cyprus across industry, construction and market services last year, employing 40,187 people. Together, they produced €4.76 billion in value added, underscoring the importance of internationally owned businesses to the Cypriot economy.

That contribution is notable precisely because of the limited number of companies involved. In structural terms, foreign-controlled firms remain a small part of the market. In economic terms, they are major employers and significant value creators.

How Cyprus Compares Across The European Union

Across the European Union, 364,308 foreign-controlled enterprises employed 25.64 million people in 2024 and generated €2.68 trillion in value added. Although they made up just 1% of all market producer enterprises, they accounted for 16% of employment and 24% of total value added.

Most of these firms were controlled by institutional units from other EU countries, which made up 59% of the total. The remaining 41% were controlled from outside the bloc.

Cyprus sits near the middle of the pack on employment share. Foreign-controlled enterprises accounted for 10% of jobs in the country, the same as Italy and above Greece, where the figure stood at 8%.

Where Foreign Ownership Matters Most

Luxembourg recorded the highest share of foreign-controlled enterprises among EU member states, with such companies making up 28% of all enterprises. Estonia followed at 12%. In every other member state, the share was 5% or less, ranging from 0.3% in Poland and Italy to 5% in Croatia.

The contribution of foreign-controlled businesses to national output also varied sharply across the bloc. Ireland led with foreign-controlled enterprises responsible for 72% of value added, followed by Luxembourg at 62% and Slovakia at 50%.

At the lower end, foreign-controlled enterprises accounted for 15% of value added in France and 18% in both Italy and Germany.

Cyprus Versus Greece

Cyprus’ 681 foreign-controlled enterprises generated €4.76 billion in value added, according to Eurostat’s table covering industry, construction and market services. By comparison, Greece had 4,548 foreign-controlled enterprises employing 281,558 people and generating €22.31 billion in value added.

The contrast illustrates a broader pattern across Europe: foreign-controlled firms often represent a small share of the total business population, yet their role in jobs, investment and economic output is disproportionate to their numbers.

The Broader Policy Lesson

For policymakers, the data reinforce a familiar but important point. Economies that attract and retain foreign-controlled firms gain more than corporate presence alone; they secure employment, capital deployment and productivity gains that can ripple through the wider business ecosystem.

In Cyprus, that dynamic is especially clear. Fewer than 700 foreign-controlled enterprises employ more than 40,000 people and contribute billions to the economy, showing how global capital can shape a small open economy far beyond its numerical footprint.

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