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Mon Dec 28, 2020, 05:22 PM

Pope Francis Strips Powerful Vatican Office of Its Financial Assets

Source: New York Times

Pope Francis has stripped the Vaticanís most powerful office of its significant financial assets, the Vatican said Monday, after dubious investments squandered millions of euros in church donations, sparking an embarrassing scandal and prompting an ongoing corruption investigation.

A new law enacted by the pope orders the secretariat of state, the diplomatic and administrative arm of the Holy See, to transfer all its financial holdings and real estate assets to another office, the Administration of the Patrimony of the Apostolic See, which administers the Vaticanís finances, by Feb. 4.

The changes, included in a law made public Monday, follow a Vatican investigation into the mismanagement of funds at the secretariat of state.

One of the most prominent investments made by the secretariat of state involved the purchase of a London property that was bought in part with money donated by the faithful.

Read more: https://www.nytimes.com/2020/12/28/world/europe/pope-francis-vatican-finances.html





Pope Francis confers with Vatican Secretary of State cardinal Pietro Parolin.

The powerful Secretariat of State - whose leader is often referred to a "deputy pope" - will be under investigation for alleged mismanagement of billions in investment funds.

8 replies, 1914 views

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Reply Pope Francis Strips Powerful Vatican Office of Its Financial Assets (Original post)
sandensea Dec 28 OP
Sucha NastyWoman Dec 28 #1
ananda Dec 28 #2
Polybius Dec 28 #4
burrowowl Dec 28 #3
sandensea Dec 28 #5
burrowowl Dec 29 #7
James48 Dec 29 #6
AngryOldDem Dec 29 #8

Response to sandensea (Original post)

Mon Dec 28, 2020, 05:43 PM

1. This Pope never disappoints

I wish he were younger though.

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Response to Sucha NastyWoman (Reply #1)

Mon Dec 28, 2020, 05:49 PM

2. He is definitely one of the better ones lately.

...

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Response to Sucha NastyWoman (Reply #1)

Mon Dec 28, 2020, 11:35 PM

4. So do I

Because I guarantee the next one will be a far right-winger like Benedict. They will never let this happen again.

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Response to sandensea (Original post)

Mon Dec 28, 2020, 10:50 PM

3. Go Francis! Hope people are watching your back!

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Response to burrowowl (Reply #3)

Mon Dec 28, 2020, 11:37 PM

5. And his tea

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Response to sandensea (Reply #5)

Tue Dec 29, 2020, 02:57 AM

7. Yup!

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Response to sandensea (Original post)

Tue Dec 29, 2020, 01:42 AM

6. I like this Pope.

He seems to be an actual follower of Christ.

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Response to sandensea (Original post)

Tue Dec 29, 2020, 06:57 PM

8. Long time coming.

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