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The Reason Why the Vatican’s Financies Do Not Work Is Francis

Marco Tossatti’s blog (February 27) has explained why the Vatican's finances are still in a mess: “Because Francis does not make an effort to understand and analyse the problem; he listens, gives some order and goes away. Then, when he reads in the newspapers about the inevitable scandals which follow from this, he gets angry.” The article lists Francis’ main failures:

- he cut the Secretary of State in two by imposing Cardinal Pell as a parallel financial strongman who had not enough experience in this field;

- he named the incompetent, gay-compromised Monsignor Mario Battista Ricca as the prelate of the Vatican Bank, an important role that should guarantee the link between the bank’s management and the board of cardinals;

- he personally named Francesca Chaouqui and Monsignor Lucio Ángel Vallejo Balda to important financial institutions;

- without respecting the necessary procedures he changed people like Mammì and Mattietti in the Vatican Bank’s management;

- he refused to listen to the auditor Milone when he wanted to explain to him what he had discovered;

- he refused to investigate the role of the Vatican Financial Information Authority although he received warnings;

- he personally asked the Italian banker Carlo Salvatori to retire from the bank’s board of directors because Salvatori had asked too many questions;

- he pushed Mary Ann Glendon to hand in her demission from the bank’s board of superintendence.

Picture: © Mazur, catholicnews.org.uk, CC BY-NC-SA, #newsSynrvgehmu
paul grech
Bergoglio is an expert! an expert in confusion and corruption!
Jim Dorchak
No surprises here! What does a communist know about banking or economics other than Take and Spend?