Influential prelate said Vatican should drop Euro, author reports
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.
For all current news, visit our News home page.
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!