UNITED STATES
New York Daily News
BY DEBORAH HASTINGS NEW YORK DAILY NEWS Thursday, December 4, 2014
Hundreds of millions have been found “tucked away” in various Vatican departments, without being listed on balance sheets, says the economy minister of the Holy See.
Australian Cardinal George Pell writes in the upcoming issue of Britain’s Catholic Herald magazine that Vatican finances are much healthier than officials thought.
“It is important to point out that the Vatican is not broke,” Pell says in an advance copy issued Thursday. “The Holy See is paying its way, while possessing substantial assets and investments,” he said.
He did not say any wrongdoing had taken place, but rather described autonomous departments that operated with “an almost free hand” without oversight.
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