- Jul 9, 2020
The stage could be set to have the same set of facts related to a now-infamous London land deal adjudicated by two different courts, one in the Vatican and one in the UK. Such a scenario would invite an interesting compare-and-contrast dynamic at the end.
A shadowy lay Italian financier named Gianluigi Torzi was called in to rescue the Vatican on a London deal gone bad, but now is charged with extortion.
The Vatican’s leading diplomat has warned that Venezuelan migrants and refugees are facing a “humanitarian disaster” as lockdowns in host nations leave them without jobs and force some to return home in grueling conditions.
Pope Francis and his Vatican team this week have moved to try to defuse a financial bomb before it goes off, closing several Swiss holding companies responsible for portions of its assets and reallocating internal control over financial data collection.
Change now is inevitable, no matter what sort of resistance the fabled “old guard” may put up, because the Vatican finds itself looking down the barrel of a $158 million gun.