What Has Stalled Progress in Uprooting the Vatican’s Financial Corruption?

National Catholic Register

July 2, 2020

By Edward Pentin

A range of sources agree that profound change is required to correct the flawed underlying mentality that continues to give rise to problems, and has allowed senior officials to escape taking responsibility.

Vatican City – Cardinal George Pell, the former prefect of the Vatican’s Secretariat for the Economy which Pope Francis created six years ago to monitor and reform Vatican finances, delivered a pointed message on June 30 about the threat that financial corruption poses to the Church’s mission.

“Undoubtedly, money is one of God’s gifts, it is also a source of temptation,” Pell said in a video message delivered June 30 to the Global Institute of Church Management at the Pontifical University of the Holy Cross in Rome. “To say that the Church is not a business provides no justification for us to be inefficient much less for us to be corrupt.”

He recalled being surprised to learn that St. Teresa of Calcutta had said “for the clergy there are two great challenges: one touches on sexuality and another touched on money. And she thought that the danger from money was greater and stronger than that from errant sexuality.”

Cardinal Pell’s remarks were conspicuously well-timed, coming in the wake of the arrest last month of Italian financier Gianluigi Torzi on charges of “extortion, embezzlement, aggravated fraud and money laundering,” relating to a London property deal carried out by Vatican Secretariat of State officials that went sour.

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