zaterdag 9 juni 2012

Vatican bank-money, mystery and monsignors

President of the Vatican bank (IOR) Ettore Gotti Tedeschi speaks during the presentation of his new book 'The Economic Reasons' in downtown Rome in this February 22, 2012

For a financial institution whose ATMs offer Latin as a language option, whose offices are below the pope's windows and where tellers work under the gaze of crucifixes, one might assume the Vatican bank would have a dispensation from earthly travails.

But new judicial woes and internal upheavals at the bank, officially known as the Institute for Works of Religion (IOR), have raised new hurdles for the Vatican, just as it entered the final stretch of years of efforts to join the international club of financial righteousness.




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