Pope Francis replaces four cardinals on Vatican Bank commission
Only Cardinal Jean-Louis Tauran, head of the Pontifical Council for Interreligious Dialogue remains
In a decisive action, Pope Francis has fired four cardinals, including former Secretary of State, Cardinal Tarcisio Bertone SDB from a five-member commission that oversees the activities of the scandal-hit Vatican bank. The only remaining cardinal following the major shakeup is Cardinal Jean-Louis Tauran, head of the Pontifical Council for Interreligious Dialogue.
The only remaining cardinal following the major shakeup is Cardinal Jean-Louis Tauran, head of the Pontifical Council for Interreligious Dialogue.
Pope Francis has replaced the men with Cardinals Christoph Schönborn of Vienna, Thomas Collins of Toronto; Santos Abril y Castillo of Saint Mary Major and Cardinal-designate Pietro Parolin, the Secretary of State. The group is formally called the Commission of Cardinals overseeing the Institute for the Works of Religion, or IOR.
This exquisite crib medal can be purchased here --
The members of the commission are to elect a president in the coming days when it holds its first meeting. Cardinal Bertone was serving as president until he was replaced.
According to the Catholic newspaper The Tablet, the Vatican bank was caught in a money-laundering row in 2010 after Italian prosecutors uncovered allegedly suspicious financial activity within the organization.
Bank chairman Ettore Gotti Tedeschi and his deputy Paolo Cipriani had been investigated after financial police seized 23 million euros from a Vatican bank account.
While the Vatican bank was claiming to address money-laundering, it was alleged to have broken the law by trying to transfer money without identifying the sender or recipient, or what the money was being used for. These charges were furiously denied by the Vatican.
In the meantime, Francis is extending an invitation to engaged couples spend Valentine's Day with him. A note, entitled "The Joy of Yes Forever" issued by Vatican City invites engaged couples to a private audience with the Pontiff next month.
Pope Francis calls for your 'prayer and action'...
© 2014 - Distributed by THE NEWS CONSORTIUM
Pope Francis Prayer Intentions for March 2014
Respect for Women: That all cultures may respect the rights and dignity of women.
Vocations: That many young people may accept the Lord’s invitation to consecrate their lives to proclaiming the Gospel.
Rate This Article
Leave a Comment
More Europe News
- Pope Francis: Jesus Became Poor, So that by His Poverty You Might Become Rich
- DEFIANT RUSSIA: Leadership disregarding tough talk from Obama
- Long-lost pirate's treasure could be hidden off Irish coast
- British mom gets second opinion - and finds her unborn baby ALIVE, in spite of doctors
- Calling the Ecclesial Movements: Pope Francis Encourages Focolare, all the Movements, So Do We!
- Oops! Pope Francis accidentally mutters obscenity
- One rape or sexual assault reported by members of the Armed Forces - EVERY WEEK
- Pope Francis Writes to Families Seeking Prayer for the Synod on the Family
- After scandal, overseer gives Legion of Christ clean bill of health
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?