The Holy See has recovered from one of its worst deficits to post a $NZ3.6 million surplus for 2012, a good news story announced in a week in which “clear failings” were revealed in the processes of the Vatican Bank. In its annual financial statement, the Holy See said better management had helped it recover Read more
It was just another weekend at the office for Pope Francis, more of the series of actions, words and gestures that have kept him a fixture in the international media since his March 13 election. On June 15 he took a major step toward reforming the scandal-wracked Vatican bank by appointing his own man, Msg. Read more
After passing a financial transparency audit by European bank inspectors, the Holy See says it is still working towards a robust and sustainable system to combat money laundering and the financing of terrorism. The audit by Moneyval, a department of the Council of Europe, followed a request by the Holy See last year for an Read more
The Holy See has suffered its largest budget deficit for 10 years, but growing numbers of visitors to the Vatican Museums gave the Vatican City State a healthy surplus. The Holy See finances for 2011 recorded a deficit of 14.9 million euros ($NZ22.9 million). Its budget covers the Vatican Secretariat of State and its worldwide Read more