- Aug 4, 2020
In Francis’s new “Reform 2.0,” which has come into focus over the last four months or so, the assumption is almost exactly the opposite: If you have an Italian problem, then you need your own Italians to fix it.
Despite the general stall related to the coronavirus over the last several months, it’s been drive time in terms of a financial reshuffle in the Vatican.
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.
Officials say the new rules, described as four years in the making, bring the Vatican in line with “the most advanced international legislation in the area,” including the UN’s 2003 Convention against Corruption. It’s also intended, according to a synthesis provided by the Vatican News Service, to “combat illicit deals and corruption,” as well to achieve significant cost savings though “economies of scale.”
A sweeping new law on procurement and contracts decreed by Pope Francis today amounts to a direct frontal assault on two cornerstone aspects of Italian, and, by extension, Vatican culture: Nepotism and feudalism.