Friday 22 November 2019
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The Vatican out of money?

VATICAN CITY: Pope Francis s economic adviser on Tuesday denied reports the Vatican was at risk of default, saying the allegations were part of a campaign to discredit the pontiff. To say that the Vatican is at danger of default is false, said Honduran Cardinal Oscar Maradiaga, who heads a group of six cardinals that advise Francis on economic reforms within the Catholic Church s governing body. It seems to me there is a discrediting strategy underway, he said in an interview with the Repubblica newspaper. Maradiaga was reacting to allegations in a book by Italian journalist Gianluigi Nuzzi, who claims to have seen internal documents that show the Vatican s finances are in a dire state and the institution is at risk of default . They want to undermine the pontificate: first by depicting a Church made up mainly of paedophiles, and now by showing economic negligence. But it s not true, Maradiaga said. Nuzzi has made a name for himself by publishing a series of books on Vatican financial scandals. In his latest, published Monday, he analyses the Vatican s books for 2018, showing them to be in the red and getting worse.


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