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Financial reforms top list of 'under-reported' Vatican stories for 2012

CWN - January 04, 2013

Looking back on the Vatican news of 2012, John Allen picks out 5 stories that deserved more attention. His #2 choice—the content of confidential documents the “Vatileaks” scandal—includes a financial element, since some of the more revealing memos involved allegations of mismanagement at the Vatican. His top choice is the Vatican’s financial reforms—which, ironically, have been cast in question by the refusal of Italian banks to process electronic transactions inside the Vatican.

Allen argues persuasively that most reporters, particularly in the English-speaking world, have given short shrift to the financial reforms. However, he may be overlooking the fact that the stories are difficult to cover. Few reporters understand the technical details of anti-money-laundering safeguards, and few readers are likely to follow the stories in depth.

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