- Jan 28, 2020
On Saturday, Pope Francis issued an edict restoring several financial powers to the Administration of the Patrimony of the Apostolic See (APSA), taking them away from Australian Cardinal George Pell and his Secretariat for the Economy. With power, however, also comes the blame if something goes wrong.
Pope Francis on Saturday issued a legal decree intended to create a clear distinction between administration of the Vatican’s financial resources and oversight of that administration. Politically, the result is seen as trimming the powers of Australian Cardinal George Pell and his new Secretariat for the Economy.
ROME—Under Pope Francis, the Vatican has been pursuing financial reform, with the goal, as one senior prelate put it, of making money management “boringly successful.” The recent house arrest of a Roman construction magnate is being touted as proof that the new systems adopted under Francis are working. Angelo Proietti,
Cardinal Domenico Calcagno is reportedly under investigation for alleged misappropriations of funds at an institute to support the clergy in Liguria.
ROME — Two personnel moves announced by the Vatican Tuesday marked the first time Italians have claimed senior positions under Australian Cardinal George Pell, the pope’s hand-picked reformer and someone for whom breaking the Italian monopoly on money management has been a keen priority. Italian Rev. Luigi Mistò was named