Vatican and Money. The Moneyval Earthquake Isn’t Over

VATICAN CITY
Chiesa

A new president for the IOR. The future of Cardinal Nicora. More tremors are on the way. But in the meantime, the operation of transparency set in motion by Benedict XVI has knocked down all the alibis. It is an example binding for all Catholic institutions

by Sandro Magister

ROME, August 3, 2012 – Very few have read it, and it isn’t even in bookstores yet, with its five hundred pages of text and annexes. But the report that Moneyval published in the middle of July about the Vatican and finance has marked an historic watershed.

For the first time, the Holy See has submitted its institutions and laws to the judgment of an international external auditor. For the first time, it has allowed itself to be graded and given its homework by a secular authority. In a matter, like God and Mammon, in which it has greatly sinned.

It is an event, that marked by the report from Moneyval, that once again requires a rewriting of the conventional profile of Pope Benedict XVI.

Note: This is an Abuse Tracker excerpt. Click the title to view the full text of the original article. If the original article is no longer available, see our News Archive.