Cardinal Pell sees closing of Vatican bank as unlikely
Catholic World News - March 03, 2014
Cardinal George Pell, who was installed last week as head of the Vatican’s new Secretariat for Economy, does not expect that Pope Francis will close the Vatican bank.
In an exclusive interview with John Allen of the Boston Globe, Cardinal Pell said that a move to close down the Institute for Religious Works now seems unlikely. The Australian cardinal said, however, that Pope Francis is determined to bring transparency and accountability to the Vatican’s financial dealings. “Not only does he mean it, but he has the capacity to get it done,” he said.
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 July expenses ($8,458 to go):
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!