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Pope formally strips Vatican secretariat of state of assets | Taiwan News

2020/12/28 19:28 ROME (AP) Pope Francis has formally stripped the Vatican secretariat of state of its financial assets and real estate holdings following its bungled management of hundreds of millions of euros in donations and investments that are now the subject of a corruption investigation. Francis signed a new law over the weekend ordering the secretariat of state to complete the transfer of all its holdings to another Vatican office by Feb. 4. The law also calls for all donations to the pope the Peter’s Pence collections from the faithful as well as other donations that had been managed by the secretariat of state to be held and managed by the Vatican’s treasury office as separate funds that are accounted for in the Holy See’s consolidated budget.

Claire Marie Foster

Claire Marie Foster of St. Thomas passed away peacefully on May 31, 2020. She was born July 7, 1929, in New Jersey to parents Clara and Leon Cybulski. Raised in Collingswood, N.J., she attended St. John grammar school and Camden Catholic High School. From childhood she yearned to travel, so she started her adventure with American Airlines, managing a V.I.P. ticket office on Wall Street in New York City. She moved on to McGettigan’s Travel Bureau in Philadelphia where she was offered the chance to travel more extensively. Soon she was invited to the opening of the elegant Virgin Isle Hotel, in St. Thomas, where she immediately fell in love with the island.

Pope Francis formally strips Vatican secretariat of state of assets

Pope Francis formally strips Vatican secretariat of state of assets Toggle share menu Advertisement Pope Francis formally strips Vatican secretariat of state of assets Pope Francis arrives for a Mass on Christmas Eve in St. Peter s Basilica amid the coronavirus disease (COVID-19) pandemic at the Vatican December 24, 2020. Vincenzo Pinto/?Pool via REUTERS 28 Dec 2020 07:57PM Share this content Bookmark ROME: Pope Francis has formally stripped the Vatican secretariat of state of its financial assets and real estate holdings following its bungled management of hundreds of millions of euros in donations and investments that are now the subject of a corruption investigation.

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