VATICAN CITY (RNS) In a bid to improve its checkered record on financial transparency, the Vatican on Tuesday (May 7) signed a cooperation agreement with the U.S. agency that fights against financial crimes. The Vatican Bank has a long history of secrecy and scandals, and it has reportedly been involved in several shady operations during the course of its history.
VATICAN CITY (RNS) Pope Benedict XVI’s former personal secretary will return to Rome to assist the opening of the papal election in the Sistine Chapel, highlighting the unprecedented situation created by the resignation of a living pope.
(RNS) When Cardinal Joseph Ratzinger was elected Pope Benedict XVI in 2005, the surprising choice left conservative Catholics almost giddy with the prospect of total victory. Now with Benedict set to resign, the Catholic right is counting up the ways that Benedict failed them.
VATICAN CITY (RNS) Less than two weeks before he retires, Pope Benedict XVI on Friday (Feb. 15) approved the appointment of a German lawyer and financier as the new head of the scandal-plagued Vatican Bank.