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Vatican Bank Scandals - Pope Francis makes progress

07 Feb 2017

Pope Francis addressing the Curia….Scandal, corruption anme at the highest levels in the Vatican bank have rocked the Catholic church. The bank’s president, Ettore Gotti Tedeschi, a well-regarded figure in European banking, was effectively sacked when the board passed a unanimous “no-confidence” vote in 2012. Ettore Gotti Tedeschi Ettori Gotti Tedeschi But in January 2017 a Rome prosecutor asked for sentences of one year in jail for former Vatican bank Director- General Paolo Cipriani and 10 months for his former deputy Massimo Tulli. The trial concerns suspected breaches of Italy’s anti-money-laundering norms linked to two suspicious operations that led to the seizure of 23 million euros in 2010, later returned to the bank of the Holy See. The IOR operated in Italy without authorization for 40 years, Rome prosecutors said in court. From January 1 to February 12, 2013, the Bank of Italy froze all credit card and ATM transactions inside the Vatican City over its failure to fully implement international anti-money laundering standards. Pope Benedict took swift action to comply. From the prosecutors’ statements it looks as if Tedeschi was forced out by former Secretary of State Bertone in order to stop…

Welcome Pope Francis! A New-Style of Leader

14 Mar 2013

A humble, principled and compassionate leader has been elected Pope.The cause of peace and justice and, indirectly, the campaign to overcome gun violence, took a stride forward on March 13, 2013, with the election of Cardinal Jorge Bergoglio of Buenos Aires as Pope. Although I am not a Catholic but an Episcopalian (Anglican), I welcome the election of this man of surpassing holiness, towering intellect, great strength of character and deep compassion as leader of the largest Christian denomination. Jorge Bergoglio is a humble, down-home sort of guy who cooks his own dinner and rides the bus. Some of that will have to change now he is Pope, but the principled inner core of the man shines out and his integrity will never let him forget where he came from. Most likely, we shall never meet this wonderful man and come to know him personally. Yet if we study the tradition he is from, that of St Francis of Assissi and St Francis Xavier, founder of the Jesuits, of which Cardinal Bergoglio was a Provincial, we shall come to understand something of him. And if we follow the example he will set as best we can in our own circumstances,…