We have a new pope, but the challenges he faces are not.
Pope Francis fashioned himself as a reformer, starting with his name — taken in part from St. Francis of Assisi, who was tasked by God himself to “rebuild my church.”
The reforms most urgently needed when Francis assumed the papacy were a church in financial shambles and ongoing fallout from the sexual abuse crisis.
While he certainly made progress in some areas, no one denies that his work on both fronts was left incomplete.
The Catholic Church’s financial deficit only grew under Francis, and mere months before he died, Francis warned in a letter that the Vatican’s pension fund was in serious trouble and would require “difficult decisions.” One Vatican expert described it as a “five alarm fire.” Shortly before he died, one of the banks managing Vatican funds cut…
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