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Moneyval report seen as major step toward Vatican accountability

CWN - July 20, 2012

John Allen of the National Catholic Reporter writes that the Moneyval report, giving the Holy See a passing grade for financial transparency, is a victory not only for Vatican banking officials but for Pope Benedict XVI.

During his pontificate, Allen explains, Benedict has pushed consistently for greater openness and accountability in the dealings of the Vatican. The Moneyval report, certifying the progress that has been made on the financial front, is a measure of his success. His demand for reform after the sex-abuse scandal is another indication.

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