Cardinals were in the dark over Vatican finances for years

The Vatican’s financial situation was not well understood for years by the committee that was supposed to oversee it.

That was what the prefect of the Secretariat for the Economy, Cardinal George Pell, said at a function in Rome last week.

Cardinal Pell recalled how he sat for several years on a 15-member committee of cardinals whose job was to oversee the finances of the Vatican.

“The only thing that was absolutely clear is that we didn’t know what was going on,” he said.

Cardinal Joachim Meisner, the 80-year-old Archbishop Emeritus of Cologne, once said he had tried for 23 years to “improve things”, Cardinal Pell said.

Pope Francis appointed Cardinal Pell to his present position to help sort out the way the Vatican operates financially.

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