Pope Francis Fires All But One Cardinal Running Vatican Bank

Pope Francis fires all but one cardinals who run Vatican bank just 11 months into their five-year term (Daily Mail, Jan 16, 2014):

  • The cardinals were appointed by Benedict XVI shortly before he resigned
  • The Vatican bank was caught in a money-laundering row in 2010

All but one of a five-member panel that oversees the controversial Vatican bank has been fired by Pope Francis.

Four cardinals were given their marching orders by Francis on Wednesday.

Those sacked were former Secretary of State, Cardinal Tarcisio Bertone SDB, Cardinals Odilo Scherer from Brazil, Telesphore Toppo from India and Domenico Calcagno, from within the Vatican.

Cardinal Jean-Louis Tauran, head of the Pontifical Council for Interreligious Dialogue, kept his job, according to The Tablet.

The Catholic paper explained that with the exception of Calcagno, the cardinals were all just eleven months into a second, five-year team, having been appointed by Benedict XVI.

The Vatican bank was caught in a money-laundering row in 2010 after Italian prosecutors uncovered allegedly suspicious financial activity within the organisation.

Bank chairman Ettore Gotti Tedeschi and his deputy Paolo Cipriani were investigated after financial police seized 23million euros from a Vatican bank account.

It was claimed that even as the bank was claiming to tackle money-laundering, it broke the law by trying to transfer money without identifying the sender or recipient, or what the money was being used for.

It was an accusation furiously denied by the Vatican.

Francis may not be showing much love for his banking cardinals, but he is for engaged couples, as he’s extended an invitation to them to spend Valentine’s Day with him.

A note, entitled ‘The Joy of Yes Forever’ issued by Vatican city invites engaged, heterosexual couples to a private audience with the Pontiff next month.

Organised by the Vatican’s Pontifical Council for Family, participants are required to register by January 30 to secure their place.

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