The Vatican Bank May Be Running Out of Time

In canon lawyer Ed Condon’s recent article critical of the Pope’s actions against the Knights of Malta, he makes an astute observation about possible unintended consequences:

The disregard for the mutually sovereign relationship between the Holy See and the Order sets a precedent in international law, which will now lurk under the Secretariat of State’s dealings with other governments like an unexploded bomb.

Cardinal Parolin should prepare to see today’s actions cited as legitimate precedent when the IOR, commonly called the Vatican Bank, finds its sovereign independence under renewed pressure from other countries or international bodies. [emphasis mine]

With respect to the bank, one has to ask just how long the Italian government’s going to tolerate this institution? While the current pontiff had promised to clean up Vatican finances, he recently ordered Archbishop Becciu to abruptly cancel an outside audit of the bank by PricewaterhouseCooper. According to journalist Edward Pentin, it was over the issue of transparency: Continue reading “The Vatican Bank May Be Running Out of Time”

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