Cardinal Pell “kicked upstairs” in Vatican Bank political/financial deal

pellLet’s get real. The Vatican is a jurisdiction of 12 square miles in central Rome. Its annual budget is about 120 million euros — a fraction of the budget of, say, Melbourne City Council or the Sydney County Council.

Even the archdioceses of Sydney and Melbourne would dwarf the Vatican for assets, turnover and salaried employees (there are only 2000 to 3000 at last count at the Vatican). It’s a small enterprise. It has a bank that acts as a credit union, most of whose depositors are the Roman headquarters of hundreds, perhaps thousands, of religious congregations of priests, brothers and nuns.

What is significant about Pell’s appointment is that he isn’t an Italian but one who studied there, like many Australian students for the priesthood, in the 1960s. He knows the place but is not of the place.

Read more

Advertisements

Leave a comment

No comments yet.

Comments RSS

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s