“Hundreds of Millions of Euros” Found During Vatican Financial Overhaul

Swiss Guards march in front of the tower of the Vatican Bank, the Institute for Works of Religion (IOR)

Things aren't looking quite as bad as they'd thought over at the Vatican finance office.In an exclusive article in the premier issue of the Catholic Herald magazine, Cardinal George Pell, prefect of the newly created Secretariat for the Economy and the most senior English-speaking official in the Vatican, said, “In fact, we have discovered that the situation is much healthier than it seemed, because some hundreds of millions of euros were tucked away in particular sectional accounts and did … [Read more...]

BREAKING: Cardinal Pell Named Prefect of the Vatican’s New Secretariat for the Economy

Australian Cardinal George Pell

Well, I didn't see that coming!Cardinal George Pell, Metropolitan Archbishop of Sydney, Australia, has just been appointed to head a new Secretariat established by Pope Francis to coordinate economic and administrative affairs of the Holy See and the Vatican City-State.The new Secretariat for the Economy was endorsed by both the Council of 8 Cardinals established to advise the Holy Father on governance and the Committee of 15 Cardinals which oversees the financial affairs of the Holy … [Read more...]