Pope Francis will not close the Institute for the Works of Religion (IOR), commonly known as the Vatican bank, and has reaffirmed “the importance of the IOR’s mission for the good of the Catholic Church, the Holy See and the Vatican City State,” according to a statement from the Holy See Press Office.
Editors note: Has anyone ever noticed the strange names given to many of the Vatican dicasteries? You might expect that type of thing from the likes of Fidel Castro or Joseph Stalin – but from the Vatican?
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I think the clue is in the word “dicasteries.” As in “The die is cast.” In other words—regardless of the strange names given some of them—once one of these institutions is created, there is no uncreating it, no matter how ineffective or corrupt or evil it becomes. “The Vatican” is just another government, with all the political and bureaucratic faults one would reasonably expect to find.