VATICAN CITY
Europe Online
By our dpa-correspondent and Europe Online
Vatican City (dpa) – A Vatican commission of cardinals has given final approval to last month‘s controversial decision by the board of the Vatican bank to dismiss its president, Ettore Gotti Tedeschi, reports said Saturday.
The functions of president of the bank – known as the Institute for Religious Works (IOR) – would be assumed on an iterim basis by deputy-president, Ronaldo Hermann Schmitz, papal spokesman, Father Federico Lombardi, was quoted as saying by the ANSA newsagency.
Lombardi also denied Italian newspaper reports of a split between the five cardinals making up the commission over Gotti Tedeschi‘s ousting by the board on May 24.
The reports, some of which claimed that cardinals Attilio Nicora and Jean-Louis Tauran had sided with Gotti Tedeschi, were “absolutely baseless,” Lombardi said.
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