Down to the Wire: Just $6,312 left to match to win our Challenge Grant. Your gift will still be doubled!
Click here to advertise on CatholicCulture.org

Pope discouraging speculation on future of Vatican bank

Catholic World News - May 07, 2013

Pope Francis has signaled his desire to curb speculation about the future of the Vatican bank, according to an analysis in the Italian journal L’Espresso.

Last week Archbishop Giovanni Becciu, the Vatican’s deputy secretary of state, told L’Osservatore Romano that the Pope was “surprised” by public statements about his plans for the bank, the Institute for Religious Works (IOR). Archbishop Becciu—who meets with the Pontiff daily in his capacity as sostituto, the official who handles the flow of paperwork within the Roman Curia—was probably speaking at the Pope’s request, L’Espresso reasons. The analysis continues:

This is the twofold message that Pope Francis wanted to issue both “ad intra," meaning to prelates and cardinals who are bit too chatty, and “ad extra," meaning to the media and banking circles that have a great interest, and perhaps interests as well, in the fate of the Vatican financial institute that manages “assets” of more than 6 billion euro.

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!

Our Fall Campaign
Progress toward our year-end goal ($55,552 to go):
$150,000.00 $94,448.13
37% 63%
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!

Show 1 Comments? (Hidden)Hide Comments
  • Posted by: Marija - May. 07, 2013 7:36 PM ET USA

    Wonder what would happen if Pope Francis suggested the Church go back to its teaching that usury is a mortal sin. Imagine the Catholic Church banking without interest/usury. What a radical idea to the global money powers of 2013.

Fall 2014 Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

The gift of orthodoxy: A mercy and a challenge to mercy 24 hours ago
Getting Marriage Right November 25
O Earthly Lord, vouchsafe to us high speed Internet. November 25
No 'Francis effect' in Strasbourg November 25
What Pope Francis told European Parliament, and what Pope John Paul II said November 25

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis: Europe seems 'elderly and haggard' CWN - November 25