Click here to advertise on CatholicCulture.org

Influential prelate said Vatican should drop Euro, author reports

Catholic World News - July 25, 2012

An influential Church official suggested that the Vatican should drop out of the Euro currency agreement, in order to avoid new European banking regulations, according to a new book by a veteran Vatican journalist.

The suggestion was made two years ago by Archbishop Carlo Maria Vigano, writes Benny Lai in Vatican Finances, a book now making its debut in the Italian market. At the time Archbishop Vigano was secretary of the Vatican city-state Governatorate. His suggestion was ultimately rejected, as the Vatican chose to adhere to the Euro agreement and accept the new scrutiny that tougher banking regulations would require.

It is ironic that the suggestion aimed at avoiding disclosure could have come from Archbishop Vigano—who is now the apostolic nuncio to the US. The same prelate’s letters to Pope Benedict XVI, complaining of financial mismanagement at the Vatican, became the first major salvo in the “Vatileaks” scandal, used by anonymous champions of reform to call for greater disclosure of Vatican affairs.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Progress toward our September expenses ($4,264 to go):
$35,000.00 $30,735.73
12% 88%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Oh, that sort of misconduct [UPDATED] 17 hours ago
Don’t worry about terrorism; worry about workplace violence? 17 hours ago
Doing Great Things for Christ 19 hours ago
Two steps forward, one step back: mixed signals from Vatican on abuse and accountability September 26
The Annulment Question, and Much More September 26

Top Catholic News

Most Important Stories of the Last 30 Days
Cardinals criticize Kasper proposal, escalating debate on remarriage/Communion CWN - September 18
Cardinal Parolin: UN must protect innocents from Islamic State CWN - 6 hours ago