VATICAN CITY
Catholic Culture
At their final meeting before the opening of the papal conclave tomorrow, the College of Cardinals heard a “brief report” on the Vatican bank.
Father Federico Lombardi, the director of the Vatican press office, told reporters on March 11 that Cardinal Tarcisio Bertone spoke about the bank, the Institute for Religious Works (IOR), apparently to answer lingering questions from cardinals. The IOR has been struggling to meet European standards for transparency in banking, and questions about its administration have merged with other questions about efficiency and accountability at the Vatican.
Father Lombardi indicated that the discussion of the IOR took only a portion of the Monday session. Although he did not provide details about the other issues discussed, he said: “Naturally, much was also said about the expectations and hopes for the future Holy Father.”
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