Cardinals split on whether to sack head of Vatican Bank

Cardinals tasked with deciding the fate of the president of the Vatican Bank – amid financial scandals and a struggle for power in the Holy See – are struggling to come to an agreement, media reports said today.

The commission of cardinals must decide whether or not to uphold the board’s decision to oust Ettore Gotti Tedeschi, who was fired for failing to clean up the institution’s image amid accusations of corruption and money-laundering.

But the cardinals are reportedly split, with two of the four siding with Gotti Tedeschi, widening the bitter rift between the financial ethics expert and Secretary of State Tarcisio Bertone, the Vatican number two.

It was Bertone who reportedly pushed the bank’s board to fire their president as internal divisions over financial transparency came to a head. Continue reading

 

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