VATICAN CITY
Rome Reports
[with video]
May 24, 2012. (Romereports.com) (-ONLY VIDEO-) The president of the Vatican’s Bank, Ettore Gotti Tedeschi, reportedly resigned on Thursday, before the IOR board (Institute for Works of Religion) issued a no confidence vote against him. The Vatican released a statement on the matter, which states that the now former president, “failed to meet some highly important functions.”
At this point, the Vatican is not commenting on any specifics, but it did highlight what type of president it will look for in the near future.
“The council is looking for an excellent new president to help the Institute promote effective and comprehensive relations between the Institute and the financial community, based on mutual respect for internationally accepted banking standards.”
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