Despite decent revenues from Vatican hospitals, museums, the donation of believers and dioceses and the rental of numerous real estate, the Vatican Finance are chronically in deficit, and the Vatican pension fund is in a large structural imbalance.
Although Vatican does not publish regular information on the condition of his finances, in 2023. He published a consolidated loss of nearly 70m euros, to 1.2 billion euros revenue. The financial scandals follow it through history. The Vatican Bank, ie Institutions for Religious Affairs (IOR), is a perfect example for that.
Ior is a long-term main shareholder of the important Italian bank Ambrosiano, accused of money laundering from drugs and mafia. In 1982, after a $ 1.2 billion $ 1.2 billion was discovered, Ambrosiano declared bankruptcy, leaving the Vatican Bank to pay creditors more than $ 240 million.
Year when Calvi was found hung under the bridge
In the same year, the director of Ambrosian, Roberto Calvi, was found hung under the bridge in London, and the Italian judges later said that it may have been a mafia murder.
Papa Francis, chosen in 2013, found the still delicate situation. The United States has just placed the Vatican on the list of countries that potentially wash money, although not declared high-risk, but is classified in the mean category of countries that cause “concerns”. Italy’s Bank deactivated the terminals for payments in the Vatican.
Pope Francis was established by the Secretariat for Economy and set his forehead australian Cardinal George Pella, who was in voice that he was strongly direct, which would be released later in the pedophile affair.
At the forefront of the Board of the Vatican Bank, he placed Laika from the banking world, Jean-Baptiste de France.
“When I came, there were no strong administration, the rules did not respect and we did not have good powers,” said the AFP journalist on Friday.
Vatican Bank investments were checked – those were rejected in the firms associated with weapons, euthanasia and abortion, and several measures have been introduced to strengthen transparency, but not without difficulty. France said there were about 5,000 accounts that had nothing to do with the Vatican, so they closed them.
The reputation of the Vatican improves. He introduced a SEPA, a woolly unique payment space in euros, and then received congratulations to the Council of Europe to fight against money laundering. But “implement reforms in Rome is like cleaning the Egyptian sphing toothbrush,” Franco said in 2017. Scandals did not stop.
One of his advisers involved in the embezzlement
One of his close advisers, the influential Cardinal Angelo Becci is involved in the affair of the money in money from the annual donations. These are harmful investment for the Church, in the first row to buy a luxury building in London for 350m euros, which is why the Vatican lost between 130 and 180 million euros, according to his prosecutor.
Becciu is 2023. convicted at the Vatican Court for five and a half years in prison.
In addition to transparency issues, Leo XIV. It will need to fight a continuous reduction of donations – 17 percent of the Holy Chair income – in combination with costs for employees who grow continuously (+6 percent 2023).
It will also need to address the pension system. In November, Franjo said that the system could not “guarantee” the payment of pensions “in future generations” in the medium term. But France is not worrying, “Franjo began the process, I’m sure the lion will do it. Continue him.”
For a new Pope, history is repeated. Before Franje, Benedict XVI. He has already introduced the first anti-money laundering measures for internal investigations, which will prove useful in the Becci Affairs. Financial problems are following the micro-state from its beginnings in 1929. the loss of the Papal State of the Vatican Finance collapsed.
Italy, led by the Fascist Dictator Benit Mussolini, included in 1929. in the Lateran Treaties, which was officially created by the State of the Vatican City fee of four billion lira, which would match approximately 4.2 billion euros today.
(Vijesti.ba / Hina)
