The Holy See path to adapt its legal system to international anti-money laundering standards has been quick, coherent and convincing, according to the «progress report» issued by the Council of Europe’s committee MONEYVAL on December 12.
«It is clear from this review – the report states in par. 128 – that much work [...]
Vatican finances, the IOR will publish its balance sheet
How much money is there in the so-called «Vatican bank», the Institute for Religious Works (IOR) and how is it invested and used? Soon, this information will be in the public domain. The IOR will have an internet website, where its annual balance sheet will be posted. Although the IOR is a [...]
Vatican communications, changes in the making?
Perhaps, the first step that will revolutionize the world of Vatican communications is the appointment of Greg Burke, the 52 years old journalist coming from Fox News TV, as media advisor of the Secretariat of State. Greg Burke’s post is unprecedented in the Vatican. The Curia does not even have a media coordinator [...]
Holy See and financial transparency. The path to the white list
Will Ettore Gotti Tedeschi have to stand trial before a Vatican court? The possibility is rather remote. If he will, it would be because of the documents the former president of the IOR. Board of Superintendence took from his office in Torrione Niccolò IV. Gotti Tedeschi probably is not in possession of [...]
Reset and recommence from prayer. Prayer does not subtract us from the world. To the contrary, it gives people the sense of living. Benedict XVI, in his catechesis at the general audience of Wednesday, June 13, did not respond directly to the attacks levied against the Church. He is not interested in gossip, [...]
It was with a short, stick to the point, ten lines and three paragraphs press release from the Holy See to clarify its position regarding Ettore Gotti Tedeschi’s case. Gotti Tedeschi had been president of the Board of Superintendence of the I.O.R. (Institute for Religious Works) until May 24th, when he got an [...]
Benedict XVI had been defined «the last of Benedictins». As Saint Benedict, who in 529 founds the monastery of Montecassino and from there – with the ora et labora, the collections and copy of texts, founds a new civilizations, so Benedict XVI goes over the scandals and the human problems of the [...]