The unfinished business of Vatican bank reform

VATICAN CITY
Financial Times

The finances of the Holy See are nowhere near transparent enough

Vatican folklore has it that a former pope was once asked how many people worked at the Holy See. “About half,” the Pontiff is said to have replied. Those now charged with directing the affairs of the Catholic Church are prone to observe that the Holy Father must always be generous in his judgments.

The problems of the Roman Curia run deeper than chronically inefficient administration and overstaffing. An Italian court has just handed down a two-year suspended sentence on Nunzio Scarano, the former Vatican accountant.

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