I just found out that the PBC's statement on the inspiration and truth of Sacred Scripture has been published in German (likely the original language in which it was written). The publication of an English translation is pending. It is a bit wishy-washy, taking some tortuous paths to avoid saying directly that everything the inspired Scripture says, when understood correctly, is true. Still, a lot of it so far seems pretty sound and good. I'll try to post on a few parts of particular interest as I get to them.
The document is divided into three parts: the first considers the inspiration of Sacred Scripture, its origin from God; the second the truth of Sacred Scripture; and the third examines the exegesis of passages that present particular problems, either historical, or ethical and social.
First, my translation of the preface.
"The foundation for the Church's life is the Word of God. It is handed down to us in the Sacred Scripture in the Old and New Testament. According to the Church's faith all its writings are inspired, have God as their author (Urheber), who chose and employed men to write them. Because they are inspired by God, the Bible's writings communicate truth. All their value for the life and mission of the church depends upon their inspiration and truth. Writings which do not come from God cannot communicate God's Word, and writings that are not true, cannot establish and animate the Church's life and mission. Scripture's truth is not, however, always easy to recognize. Sometimes, at least apparently, the biblical accounts and the results of the natural sciences and that of history stand in opposition. The latter seem to contradict what the biblical writings maintain, and seem to put their truth in question. It is clear that this situation affects biblical inspiration as well. If what the Bible communicates is not true, how can it have God as its author?
Beginning from these questions the Pontifical Biblical Commission has applied itself to examining the relationship between inspiration and truth and to determining what the biblical writings themselves say about it. Very rarely do they speak directly about inspiration (cf. 2 Tim 3:16; 2 Peter 1:20-21), but they constantly refer to the relationship between their human composers (Verfasser) and God, and thus indicate their origin from God. In the Old Testament this relationship shows itself in various ways; in the New Testament every relationship to God is mediated through the person of Jesus, who is the Christ and the Son of God. He, who is the Word of God in person (cf. John 1:1, 14), is the Mediator for all that comes from God.
The Bible treats of many and diverse themes. A careful reading shows, however, that it's main theme is God and his plan for man's salvation. The truth that we find in Sacred Scripture concerns principally (im Wesentlichen) God and his relationship to men. The clearest expression of this are the words of Jesus: "I am the way, and the truth, and the life; no one comes to the Father except through me." (John 14:6). As the Word of God become man (cf. John 1:14) Jesus is the complete truth about God, reveals God as Father and opens access to him who is the source of all life. The other statements about God in the biblical writings are ordered to the Word of God that in Jesus became man, and the key to their understanding lies in him.
Having taken up how the biblical writings testify inspiration, the relationship between their human authors and God, and what truth they communicate, the Commission examines, by way of example, some texts that appear problematic from a historical and from an ethical and social point of view. In order to respond to the difficulties that present themselves here, it is necessary to read and understand the texts in an appropriate manner, and to that end to respect the findings of the modern sciences and at the same time take into account that the principal theme of the Bible is God and his saving plan for men. With this approach one finds that the doubts that arise against the truth [of Scripture] and its origin from God, can be overcome.
This document of the Pontifical Biblical Commission is not an official declaration of the Church's Magisterium on these themes and does not intend to present a complete teaching on the inspiration and truth of Sacred Scripture. It intends to present the findings made through a careful exegetical study of the witness of the biblical texts concerning their origin from God and their truth. These findings may be complemented and deepened by the other theological disciplines from their respective points of view.
I thank the members of the Pontifical Biblical Commission for their patient and competent study and express my wish: may this work contribute to bringing about in the Church ever more attention, thankfulness and joy for Sacred Scripture, for the Word that comes from God and speaks of God, to save the world.
Rome, the Feast of the Chair of St. Peter, February 22 2014
Gerhard Cardinal Müller