Posts Tagged ‘Vatican financial reform’

Before being accused, Pell had objected to a 50 million euro loan Comments 0

Thursday, November 7th, 2019

Cardinal George Pell, who before his conviction of child sex abuse was the Vatican’s prefect of the Secretariat for the Economy, strongly opposed a 50 million euro loan request to purchase a bankrupt hospital. His decision was endorsed by financial authorities at the Institute for Works of Religion, commonly called the Vatican Bank or IOR. Read more

Vatican bank’s soaring profits Comments 0

Thursday, June 15th, 2017

The Vatican bank’s annual report shows a profit of €36 million (about NZ$55,630 million) for its last financial year. The profits, which are up €20 million from the €16.1 million in the 2015 year, are “being distributed in aid of the Holy See’s mission”. More properly called the Institute for the Works of Religion, the Read more

Public relations expert denies leaking Vatican secrets Comments 0

Friday, April 8th, 2016

Francesca Chaouqui, a public relations expert and former consultant to the Pontifical Commission for Reference on the Economic-Administrative Structure of the Holy See, strongly denied that he leaked confidential Vatican documents to journalists. “I can assure you that no reserved documents ever passed from my hands,” Chaouqui said. “Never, never,” she during her testimony at Read more

Pope Francis means business Comments 0

Tuesday, August 19th, 2014

The wildly popular Pope Francis is more than a pontiff of the people. He’s an elite manager who’s reforming the Vatican’s troubled finances. The new pope wanted to talk about money. That was the message that went out to a group of seven prominent financiers—major Catholics all—from around the world in the summer of 2013. Read more