European Roots and Economic Crisis. A lesson from Aquino
Half of 90s, dinner. The leaders of the most important Central Banks of Europe sit at the same table. They are just talking about the euro to come. «My fellow citizens thinks that euro is Paradise. But euro is not Paradise… Euro will be… » «Hold, Hans… It will be a Purgatory». The [...]
The bonfire of vanities. A curial story.
The last document released by the Pontifical Council for Justice and Peace was delivered to the participants to G20. Some of the proposal contained in the document were also part of the agenda of the summit. For example the tax on financial transactions, called a “Tobin tax” after the name of its [...]
Antonio Fazio’s case. Is Catholic finance under attack?
A persecutory judgment. That is how many people, inside and out the Vatican, considered the sentence to 4 years’ imprisonment and to 1.5 million euro fine to Antonio Fazio, former governor of the Bank of Italy. Fazio was compelled to resign in 2005, because of the alleged role of the Bank of Italy [...]
I.O.R., is something going to change?
Vatican State is still not in the “white list” of the virtous states for money laundering legislation. After the Monetary Convention of 17 December 2009 between Vatican City State and the European Union, and the new Vatican legislation for the prevention and countering of illegal activities in the financial and monetary sectors, Holy [...]