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.