Pope Francis starts reforms. But perhaps he will need to rely on St. Peter’s Pence
It is rumored that the Peter’s Pence funds increased this year, and this news will certainly relieve Pope Francis. Peter Pence’s will give a breath of support to the Vatican operating funds,which are facing the always higher expenses of an elephantine curial machinery that needs to be streamlined. Not because of a theological-pastoral [...]
Vatican, suspended between the search for a vision and a gang war
Decisions are yet to be announced, and they will be this week. But the amount of gossips, rumors, even the leaks anticipating the data of the balance sheet of the Institute for Religious Works (the so called “Vatican bank”) show that there had been a war behind these decisions. The roots of this war [...]
IOR. Pope Francis abstains from revolutionary changes, and ends speculations
The report of the inspection to the Institute for Religious Works (IOR) commissioned by the Vatican Financial Information Authority should be hopefully ready by the end of April. In the meantime, it is already known that the Institute – misleadingly called the “Vatican bank” – will carry forward its mission, continuing to [...]
Has Pope Francis displaced with his own trusted men the Curia’s leaders?
Pope Francis gave himself a «birthday gift». On December 17 the Pope received Cardinal Amato, the Prefect of the Congregation for the Causes of Saints. The Pope listened to the report that he asked Amato to write about Peter Faber, the first companion of St. Ignatius and “a model of virtue,” according to [...]
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 Finances. How the story began
Just one day after the death of Pope Pius XI, on February 10, 1939, Msgr. Angelo Pomata stood in front of a cahier’s window at Religious Works (the “ancestor” of the Institute for Religious Works). The cashier was Massimo Spada. Pomata was dispatched there by Eugenio Pacelli – who, after the death of the [...]
Ior. A backward scenario.
Porta San’t Anna, Vatican City. It’s the 1st of April and a non-Catholic patriatch is crossing the border between the Italian and the vatican States. He is known there, and familiar with the environment. He is carrying a suitcase. Just after passing the Vatican Gendarmerie, he turns left towards the Torrione Niccolò V, the [...]