Posts Tagged ‘Secretariat for the Economy’

Cardinal Müller denies financial impropriety allegations

Thursday, August 15th, 2024
financial impropriety

Cardinal Gerhard Ludwig Müller has rejected allegations of financial impropriety during his tenure as prefect of the Vatican’s Congregation for the Doctrine of the Faith (CDF), calling the claims a “defamation strategy” with no basis in fact. Speaking in an interview on EWTN, the cardinal asserted that there is “no proof” of any wrongdoing and Read more

Cardinal Müller’s departure tied to financial investigation

Monday, August 5th, 2024
financial investigation

Cardinal Gerhard Ludwig Müller’s term as prefect of the Dicastery for the Doctrine of the Faith (DDF) ended in 2017 due to a financial investigation, according to a report by “The Pillar”. The investigation, initiated by the Vatican’s Secretariat for the Economy under Cardinal George Pell, revealed that large sums of cash and unclear money Read more

Pope tightens oversight of Vatican-linked foundations

Thursday, December 8th, 2022

Pope Francis has tightened control and oversight over Vatican-based foundations and associations in his latest effort to impose international standards of accounting and governance on Vatican offices and affiliated entities. A new law aims to bring the Holy See into further compliance with recommendations from the Council of Europe’s Moneyval committee, which in April 2021 Read more

Layman appointed as Vatican finance czar

Monday, December 5th, 2022
Layman appointed

Fr Juan Antonio Guerrero Alves is to step down after three years as prefect of the Vatican’s Secretariat for the Economy, and a layman has been appointed to replace him. The 63-year-old Spanish Jesuit cited health reasons for his decision, and Maximino Caballero Ledo (pictured), the institution’s secretary general since August 2020, will take his Read more

Vatican finances must be like a house of glass

Monday, October 5th, 2020

The economy of the Holy See should be transparent like a house of glass, says Vatican Secretariat for the Economy prefect Fr. Juan A. Guerrero SJ. He made the comment when the Secretariat released the 2019 balance sheet for the Roman Curia last Thursday. “We want the budget to explain how the Holy See uses Read more

New head of Vatican’s economy office needs pope’s strong backing to succeed

Monday, November 18th, 2019

When Father Juan Antonio Guerrero was announced as the new head of the Secretariat for the Economy, a collective ‘huh?’ could probably be heard across Rome. The Spanish Jesuit is not a Vatican veteran and has only been in Rome for about two years, where he oversaw the various Jesuit institutions located in and around Read more

Francis trims Pell’s admin functions

Tuesday, July 12th, 2016

The Pope has clipped Cardinal George Pell’s wings by removing some of the administrative functions done by his department. Pope Francis essentially reversed a 2014 law that had transferred the main operational section of the patrimony office to the Australian cardinal’s Secretariat for the Economy as of Saturday. Francis said he is removing the tasks because Read more

Coming out of Cardinal Pell’s shadow

Friday, February 28th, 2014

When it was announced in 2001 that Melbourne Archbishop George Pell was to be made Archbishop of Sydney, the incumbent, Cardinal Edward Clancy, said Pell was ‘a controversial figure, and controversial figures generally create a few enemies as well as friends along the way’. Pell’s latest promotion, to head an important new office in Rome Read more