Tuesday, 10. July 2012

Catholic Church Fears Growing Vatican Bank Scandal


The Shady Past of the Vatican Bank

Whereas Benedict XVI and his predecessors have preached humility and ethical financial dealings from the window overlooking St. Peter's Square, his confidants working directly beneath the papal windows have continued to pursue shady financial transactions.

The Vatican has yet to divulge the business practices its bank has been using for decades. "There is fear that, owing to the transparency necessary today, one will find something in the past that one doesn't want to," says Marco Politi, a Rome-based Vatican expert.

spiegel.de

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