SPIRITED THINKING SINCE 1888
Vatican finances
August 04, 2021
Melanie McDonagh on how the Vatican Trial of the century highlights the injustice to Cardinal Pell
July 04, 2021
"We are considered victims," Cardinal Parolin told journalists in Strasbourg on July 4. "After considering all of the elements," he said, "we decided to constitute ourselves [a civil party]," though he specified that the Secretariat had no direct knowledge of the investigation.
July 03, 2021
The laundry list includes some interesting names and corresponding indictments.
June 09, 2021
— Rome — The European Commission’s financial monitor, MONEYVAL, has issued a highly critical report on the anti-money-laundering and general financial oversight efforts of the Holy See. Both MONEYVAL and the Holy See describe the report as “positive” and cite “moderate” to “substantial” effectiveness ratings across a range of areas, but note significant room for
April 29, 2021
The new law's stated aim is to curtail and target instances of a range of crimes, including fraud, corruption, money-laundering, terrorism or terrorism-related activities, exploitation of minors and human trafficking, as well as tax evasion.
March 31, 2021
The idea that everything can be attributed to financial motivations is a bit of an oversimplification, to be sure, but money can present incentives that act on us -- consciously and unconsciously -- and that does does tend to make "Follow the money" a maxim worth some consideration.
March 24, 2021
Curial cardinals will take a 10% pay cut, while other department heads will take an 8% reduction, and lower-level officials who are clerics and/or religious will see 3% less in monthly pay. Laity, clerics, and religious will all face pay freezes – even those not subject to pay cuts – for two years.
February 18, 2021
According to a press release, the virtual assembly focused on the Holy See’s annual budget for the current year, presented by Spanish layman Maximino Caballero Ledo, who was appointed to the number two position in the Secretariat for the Economy in August.
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