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JDDJ: ‘By grace alone’?

Many commentators with good intentions, even on the evangelical side, have rightly given attention to a section of the 1999 Joint Declaration on the Doctrine of Justification (JDDJ) signed by the Roman Catholic Church and the World Lutheran Federation. No.15 solemnly says:

Vatican Insights Leonardo de Chirico
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‘By grace alone, in faith in Christ’s saving work and not because of any merit on our part, we are accepted by God and receive the Holy Spirit, who renews our hearts while equipping and calling us to good works.’