VATICAN CITY
National Catholic Reporter
by John L Allen Jr on May. 27, 2012 NCR Today
Yesterday the Italian newspaper Corriere della Sera published an internal memorandum from the Supervisory Council of the Institute for the Works of Religion, popularly known as the “Vatican Bank,” outlining why the council unanimously expressed no confidence in the institute’s president, Italian economist and banker Ettore Gotti Tedeschi.
The memo was written in English, the usual working language for council meetings, and was signed by Carl Anderson, Supreme Knight of the Knights of Columbus and secretary of the Supervisory Council.
The memo can be found here:
When Gotti Tedeschi was named president of the Institute for the Works of Religion in 2009, he was widely touted as a reformer, the captain of internal financial reforms desired by Pope Benedict XVI. In the years since, however, complaints have repeatedly circulated that Gotti Tedeschi acted as a sort of absentee landlord, taking greater interest in his work with Italian banks and his own speaking and writing rather than his Vatican commitments.
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