Pope Francis’s Money Man

AUSTRALIA
Real Clear Religion

By Samuel Gregg

It’s a long way from growing up in your father’s pub in the Australian regional city of Ballarat to becoming someone who answers directly to the Successor of Saint Peter in Rome. That, however, is the path that’s been followed by Pope Francis’s inaugural appointment as Prefect of what’s being officially called the “Secretariat for the Economy.”

A tall, somewhat imposing figure with a lifetime of intellectual achievement, pastoral work, and a forceful engagement in the public square behind him, Cardinal George Pell doesn’t fit most people’s image of a financial administrator. The 72 year-old ecclesiastic has, however, been asked to undertake a major role in fixing what has become a major source of scandal for the Catholic Church in recent years.

It may well turn out to be the greatest challenge of his priestly life.

You don’t need to watch the Godfather Part III to know that the Catholic Church has struggled for several decades to address some real problems in the management of the Holy See’s finances. Just looking at an organizational chart of the various units involved in some way in administering the Holy See’s resources is enough to make even devout Catholics think that maybe Dan Brown’s novels are onto something.

What’s often called “the Vatican Bank” — it’s more formal title is the Istituto per le Opere di Religione (IOR) — is just one of several institutions that the Holy See has created over the years to manage various resources. In many ways, a far more important structure is the lesser-known “Administration of the Patrimony of the Apostolic See” (APSA), which, as it stated under its governing document, serves “to administer the properties owned by the Holy See in order to provide the funds necessary for the Roman Curia to function.”

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