With latest shakeup, has the music stopped on Vatican financial reform?
Dec 29, 2020 editor
A sign designating the Administration of the Patrimony of the Apostolic See, the Vatican s central bank. (Credit: Stock image.)
Pope Francis has taken away away the power of the purse from the Secretariat of State, traditionally the Vatican’s 800-pound gorilla, and transferred it to the Administration of the Patrimony of the Apostolic See (APSA), the Vatican’s central bank. At the same time, he beefed up the oversight role of the Secretariat for the Economy.
News Analysis
ROME – Popes, like leaders of any sort, generally come into office with a few clear ideas about what they’d like to accomplish. How to get it done, however, often is something they have to figure out on the fly, and the difference between success and failure sometimes is how well they adapt to experience.
Dec 20, 2020 catholic news service
Australian Cardinal George Pell holds a copy of his book, Prison Journal, during an interview with Catholic News Service at his residence in Rome Dec. 18, 2020. Pell talked to CNS about his new book, his time in prison and his plans for the future. (Credit: Robert Duncan/CNS.)
The first evening Australian Cardinal George Pell was incarcerated, he began writing a record of his thoughts and experiences in the form of a diary.
ROME The first evening Australian Cardinal George Pell was incarcerated, he began writing a record of his thoughts and experiences in the form of a diary.
Pope’s deep-pocket friends may explain sangfroid about money woes
Pope Francis meets the Council for Inclusive Capitalism in November 2019. (Credit: Vatican Media.)
Does anyone seriously believe that the pope’s new corporate BFFs, with $10.5 trillion in assets at their disposal, couldn’t help cover a $60 million deficit in a pinch?
News Analysis
ROME – Sometimes when two apparently unrelated stories happen at the same time, the intersection offers a reminder that neither development can truly be understood without the other. Such has been the case in recent days with regard to the fairly bleak situation facing Vatican finances.
On Tuesday, the Vatican’s Council for the Economy held an online meeting to discuss not only the 2020 deficit, which is expected to be more than $60 million, in part due to coronavirus-related shortfalls but also the looming crisis in unfunded pension obligations. That conversation came just a few days after a new partnership was announced calle
Cardinal Pell s book shares spiritual insights from prison
Australian prelate cleared of sexual abuse details scenes of daily life in jail
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Cardinal George Pell critiques the direction of the Church under Pope Francis. (Photo: Herald Malaysia)
The first evening Australian Cardinal George Pell was incarcerated, he began writing a record of his thoughts and experiences in the form of a diary. I am now at the quiet heart of the storm, while family, friends and wider church have to cope with the tornado, wrote the cardinal, who had been convicted against his adamant denials and refutations of the allegations on five counts of sexual abuse of a minor in the 1990s.
Australian Cardinal George Pell holds a copy of his book, Prison Journal, during an interview with Catholic News Service at his residence in Rome Dec. 18, 2020. Cardinal Pell talked to CNS about his new book, his time in prison and his plans for the future. (CNS photo/Robert Duncan) Dec. 18, 2020 Catholic News Service ROME The first evening Australian Cardinal George Pell was incarcerated, he began writing a record of his thoughts and experiences in the form of a diary. I am now at the quiet heart of the storm, while family, friends, and wider church have to cope with the tornado, wrote the cardinal, who had been convicted against his adamant denials and refutations of the allegations on five counts of sexual abuse of a minor in the 1990s.